Buy this Affordable Property in Israel

We will leave the discussion of whether property prices are coming down or going up to the banks and financial experts. To this date, we are not seeing a cooling down of real estate market prices, except in the center where the home prices were already inflated.

The north has already been a much more affordable place to buy real estate in Israel, and it continues to be the region of choice for savvy property buyers.

Here is a great example of the kind of affordable homes on the market in northern Israel.

This property is located in Tiberias, Israel. It is a gorgeous apartment, being sold fully furnished. It has been meticulously cared for and is in excellent condition.

The apartment is located on the 2d floor of a two-floor building, housing only 4 apartments. The views from the living spaces are absolutely stunning. The kitchen is modern, with plenty of cabinetry and counter space and eat-in table. There is a separate dining area and large salon from where you can watch the sun rise over the Kineret as you enjoy your favorite morning drink.

There are 3 bedrooms, including a master bedroom with full bathroom. There is a second full bathroom. Contact us soon at galilproperties@gmail.com to arrange a viewing.

Only 825,000 NIS.

 

 

 

Buy a Private Home in Israel

Featured

If you are looking for a place to enjoy, unwind and relax, surrounded by the natural beauty of northern Israel, then this is the place for you.

When buying property in israel it is important to think about how you want to begin and end your day. Here, you can begin and end with a relaxing soak in the Jacuzzi, located on the upper mirpeset (balcony), from where you can look at the constantly changing mosaic created by the sun shining upon the agricultural hills and valley all around.

The house itself is perfect for a growing family, young couple or retirees. The property is filled with fruit trees and is located at the edge of the beautiful, growing yishuv of Yavne’el, only 20 minutes from Tveria.

Inside there is two floors of living space, with five bedrooms, three bathrooms, all with showers, laundry room, pantry, spacious kitchen, living room and storage.

If you are ready to buy property in Israel, you will be hard pressed to find something nicer or more reasonably priced. Only 1,450,000 shekels buys you a house in Paradise. Contact us at galilproperties@gmail.com to arrange a viewing.

Buying Property in Israel is Getting to be More Expensive

While you can still find good deals on affordable homes in northern Israel, buying property in Israel is not as cheap as it used to be. Even though fewer contracts were closed in the past quarter, prices are not coming down. In fact, sellers are raising their prices. The main problem is the lack of housing stock. And, the lack of private land available for sale upon which to build. Investor purchases have slowed, but this has nothing to do with the price of homes and everything to do with the new tax structure.

Our advice is that you lock in your home in Israel now, because the prices are not going to come down, and you will have an investment that will increase in value. Even if you never live in the home and sell it, you will make some money. Best is to buy now and come when you are ready. Or better yet…come now!

http://ch7.io/c4vu

 

Buying Property in Israel?

Have you been sitting on the fence, looking at real estate in Israel but not yet taken the plunge? It could be that your hesitancy is working to your advantage. No guarantees of course. In this business, the real estate landscape can change quickly. But, in a very interesting Globes article interviewing Avi Tiomkin, a consultant on international hedge funds, real estate prices in Israel are declining, and in time, the prices you see on the market will more accurately reflect reality. According to Tiomkin, the prices we see now are a result of the combined efforts of Israeli banks and developers to keep prices higher, but Tiomkin believes this scheme is coming to the end of its life.

Tiomkin points to a number of indicators, such as a significant drop in housing sales, especially in the luxury market, a tremendous slow-down in demand by overseas investors and speculators, and a soon-to-be influx of new housing stock on the market. He paints a potentially gloomy picture too, depending upon the actions or inactions of the Ministry of Finance and the Bank of Israel. I am sure both will do everything they can to keep the real estate market in Israel strong.

Bottom line: we are entering a true buyers’ market. Should you sit it out longer? Maybe, but it could also be that the scenarios Tiomkin paints do not materialize, or are short-lived. It can also be that while you sit it out waiting for prices to fall further, someone else comes along and grabs your dream home. We suggest a little of both. Be careful about checking the market, doing research on comps, getting a second opinion on the true worth of the property and then jump in.

private home in safed, israel

private home in safed, israel

 

Nine Things You Should Know Before You Buy Property in Israel

IMG-20160731-WA0009Great you are ready to buy a home in Israel. You have found the dream house or apartment, negotiated a good price and are ready to sign on the bottom line. The real estate lawyers over at Epstein & Company suggest that before you take this last step, you beware of these nine very important facts. It will save you a lot of headaches and heartache down the road. For their in-depth discussion please go to their website:

  1. Zichron Devarim, or Memorandum of Understanding. If you are in America, a Memorandum of Understanding or Intent to Purchase is a commonly used document that signifies you are serious about purchasing the real estate. In Israel, this is a legally binding document, even though it expresses an intent to prepare a sales contract at a future date. Avoid this. Instead, visit with a competent real estate attorney who will prepare all of the legal documents necessary to conclude the sale, while protecting your interests.
  2. Taxes. In a previous article we discussed some of the common tax consequences involved when purchasing real estate in Israel. Before you sign the sales contract, be sure to consult with a competent authority so that you have a thorough and up-to-date understanding of what your tax obligations will be, and what loopholes, if any, might be available to you.
  3. Heytel Hashbacha or Improvement Tax. This is a tax burden borne by the seller, who must pay for an increase in value between his purchase price and his selling price due to improvements made to the property or assessments by the municipality. Oftentimes this issue will come into play when discussing the price. If you find out in advance what will be his improvement tax, it could be that this can be used in your offer. There are creative ways to work out the sale so that the seller’s tax can be lessened.
  4. Debts at the Municipality. Once the sale is completed, your name will be written in the legal records—Tabu. In order to do this, all outstanding bills must be paid by the seller. Your lawyer is responsible for completing all the necessary documents and checking to ensure that the property is clean of debt. Typically, a portion of the sales proceeds is held by your attorney until he or she receives verification of the property’s debt-free status.
  5. Mortgage. If you are applying for a mashkanta, or mortgage, be sure to do this before you sign a contract of sale. In Israel, the contract is the last step in the process of purchasing a property. Once you sign, you are committed to the sale and to making the payment. If for some reason you should not receive the mortgage or receive less than you thought and you cannot follow through with the purchase, you will find yourself facing penalties for breach of contract.
  6. Nesach Tabu. This is an important document that your attorney should obtain before you even begin discussing prices. The Nesach Tabu will indicate if there are any liens, foreclosures or additional mortgages. It will also confirm that the property was correctly registered to the seller. It is not unusual to find yourself already into the purchase process only to find out that the property was never transferred from a previous owner, sometimes generations ago. This means that the seller does not have the legal right to sell the property to you. It is not difficult to make the changes, but depending upon the circumstances, it can be time-consuming.
  7. Future Plans. If you are buying a home in Israel, especially in a new community, or one where there are lots of empty lots, it is wise to go to the municipal planning office and ask about the future development plans of the neighborhood. Do not take the seller’s or real estate agent’s word for it. They may not actually know what is on the books in the planning office. If you are buying a second hand apartment, that has been renovated and includes additional space, you will want to confirm with the municipality that all construction was done with the necessary permits. This is especially critical if you are using a mortgage to purchase the property.
  8. Visually examine the property. If you are purchasing real estate in Israel from abroad, then in addition to asking for expert photos and a video, do your best to find someone on the ground who can inspect the property for you. In Israel, property is sold as is. Better to know in advance what needs fixing than after you have paid for the home. Further, if you have a list of repairs, it can help you with negotiating a lower price.
  9. Real estate lawyer. All sales of property in Israel require a lawyer. Unlike in other countries, real estate agents cannot conclude a sales contract. We recommend that both parties to the contract utilize their own lawyers, who are competent in real estate law. Your real estate lawyer can sign all the necessary documents for you should you not be here to sign the final purchase contract and other documents.

Buy This Gorgeous Property in Yavne’el, Israel

This slideshow requires JavaScript.

Yavne’el is a stunning yishuv (village) in the lower Galilee valley, around 15 minutes southwest from the city of Tiberias. Yavne’el was founded as an agricultural co-op, or moshav, but today, while you can still see cows and sheep grazing on the hillsides, it is quickly becoming a community of choice for families who want to be near the Kineret (Sea of Galilee) and amenities of the city of Tiberias, yet far away from the crowds, noise and traffic. The yishuv is coming alive not only with new housing and synagogues, but also with shopping and eateries. Gone are the days when Yavne’el residents have to travel to Tiberias for all their shopping needs.

Within Yavne’el are a few different neighborhoods, one of which is Smadar Ilit, nestled in the hills overlooking the yishuv, the Kineret and the mountains of the Galilee Valley. It will remind you of southern California, but for a fraction of the price.

In Smadar Ilit you will find the exquisite villa, with gorgeous interiors, breathtaking views and nothing but luxury to surround you. It will be like living at a vacation spa, all the days of your life. 180 sqm of high-class living space, 5 rooms, master bedroom, swimming pool, jacuzzi and spa, all on a half dunam lot. The price is unbelievable! Only 2.3M NIS. It will sell quickly . Be in touch now to schedule a viewing, galilproperties@gmail.com.