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Your guide to buying property in Israel

Martina Rados
Marketing Manager at RE/MAX Europe

Buying property in Israel

Looking for your dream home in Israel? Prepare for your big move with this quick guide for all the essentials you need to take your first steps.

Israel is known for its vast history and stunning nature, including the popular tourist attraction of the Dead Sea. Its Mediterranean climate boasts warm winters and pleasant nights. At the time of writing, Israel is one of the leading countries for start-ups in the world, and its major cities are thriving. Best of all, anyone is able to purchase property in Israel, and with the guidance of a RE/MAX Agent, your dream could soon become a reality!

House hunting in Israel

As with buying property anywhere, spend your time researching the market and searching for the perfect property. When you find a place that ticks all of your boxes, get a good idea of the neighborhood by visiting multiple times and checking to make sure you are paying a good price. A RE/MAX agent can help you here – they know all the ins and outs of the local market and can make sure the property is right for you.

The buying process may be different from what you’ve experienced before. Sellers assume buyers will negotiate, so don’t be shy to put in a lower offer, they’re probably expecting it! There are different types of taxes you might need to take into account, including at the point of purchasing your new home and during the time you own it. But the paperwork can be easy if you know what to expect in advance. You’ll need homeowner’s insurance before you can get a mortgage, and you should find out how much the bank is willing to lend to avoid settling on a home outside of your budget. When you have found the place you want to call your home, a deposit is not usually expected, but you will have to pay an initial payment at the contract signing. After that, a note is added to the land registry and the house is yours!

What to consider when buying in Israel

As you start your search, take some time to reflect on what’s essential to you from your new home and lifestyle. It may be important to you to find a community with many expats and English speakers in order to acclimatize better or find international schools. You may want to base your search on the religious and social centers in the location. Making a checklist of what’s most needed and what you’re willing to sacrifice can really help you and your agent. This way you can avoid getting carried away by looking at homes that don’t fulfil your needs or are too expensive.

Big cities are popular relocation spots in Israel because of their cultural history and job opportunities. Places like Tel Aviv and Jerusalem can also be more expensive, but with their promise of a thriving city lifestyle, it’s no wonder they are popular buying destinations. However, you might prefer to find a villa with its own land away from the hustle and bustle of the city to enjoy the climate and scenery. Whatever way of life you’re looking for, you’re bound to find it in Israel.

Find the right home with the right agent

Buying a home is always a complex process, so it is vital to have guidance from people who are knowledgeable about the area and the laws. Your RE/MAX agent has the latest information and years of experience in the market, so they can show you the properties that best suit your needs and make sure you’re paying the right price – this includes checking the property’s legal status to ensure you’re buying stress-free. They will listen to your priorities and advise you on the amenities of the local area. With your RE/MAX agent by your side, the process can be a breeze – so whether you’re moving into a new, city-central apartment, a countryside villa or buying a property to rent, it won’t be long until the keys are in your hand!

Please Note: While RE/MAX Europe has compiled the information on this page diligently and to the best of its knowledge, RE/MAX Europe does not assume any liability for the accuracy of the information or for any damages resulting from the use of the information.

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