Government Cracking Down on Landlords

israel-irsOwn or Planning to Buy Investment Property in Israel?

Make sure you report!

Medinat Israel is getting serious about apartment owners who do not report rental income. Today in Jerusalem, a 36-year old yeshiva student was indicted for failure to report 1.36M in rental income from five units that he owns and rents out. He was charged with fraud under income tax and real estate laws. The report does not state if he is a dual citizen. Bottom line…Israel is the best real estate investment market in the world. But the days of black money may be coming to a close. Be careful.

Affordable Real Estate in Israel

Affordable Real Estate Can be Found in Northern Israel

Everyone is watching their budget these days and Israel real estate buyers are no exception. If you skim the real estate listings, it might seem that the idea of buying property in Israel is just a dream. And, in fact, if you concentrate your search to the center of Israel, it just may be that this is the sad truth.

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Come north to the beautiful, wide open spaces of northern Israel. Here you can still find affordable property in Israel. The north offers city living, town living, or country living. You can buy an apartment, townhouse, or private villa, land or a farm. If you are thinking about investing in the Israel real estate market, northern Israel is the best place to plant your investment money. As little as 280,000 shekels can get your foot inside the Israel real estate investment door. The return will be much better because your purchase price will be much lower.

20160629_130903Prices in the north are rising, just like they are all over Israel. Yet, for affordable housing in Israel, the north is still your first choice. Prices range from 500,000 to over 1M shekels, depends upon size, location, views, and whether furnished or not. On our “Hot Properties” page you can find something to suit your budget and taste. Visit us often, sign up for email alerts, and let us help you find your affordable real estate in Israel.

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Buyers Still Investing in Israel Real Estate

20160118_124849Israel Real Estate Market Continues to be Hot

The Israel Ministry of Finance passed a series of purchase tax modifications last year designed to slow down the purchase of real estate by investors. The Ministry’s objective was to open up more homes to young couples who cannot afford the high prices, especially in Israel’s center cities of Tel Aviv and Jerusalem. The thinking was that real estate investors, especially overseas buyers, drive up or maintain the high price structure, squeezing out young couples and others who need more affordable housing. The scheme seems to have worked everywhere but Tel Aviv. According to a recent Globes article, the proportion of real estate investors purchasing property in Tel Aviv actually increased by 17 percent in December.

The report also reveals that the number of properties sitting on the market waiting for buyers has dropped, to the lowest it has been since 2012. This means that it is a seller’s market, good news if you want to sell you home. If you are looking to buy property in Israel, it means that if you find something you like, you need to move quickly.

Be sure to contact us for all of your real estate questions and needs. Our focus is on northern Israel, but we have great referrals we can make to help you with your search in other parts of Israel.