How to Safely Buy an Apartment in Israel: Legal Nuances for Foreigners (601)
Why Legal Checks Are Critical
Buying real estate in Israel as a foreigner requires careful understanding of the legal framework:
- Foreigners can purchase property, but the process differs from Israeli citizens.
- The property may have liens, debts, or legal disputes.
- Without proper checks, risks may arise during registration of ownership or subsequent resale.
Key Legal Considerations
- Ownership Verification
- Ensure the seller truly owns the apartment.
- Request an extract from the land registry (Tabu).
- Check for debts or liens on the property.
- Coordination with a Lawyer
- For foreign investors, it is crucial to have a lawyer familiar with local law.
- The lawyer checks documents, prepares the purchase agreement, reviews liens and additional expenses.
- Taxes and Fees
- Buying property in Israel involves purchase tax (Mas Rechisha).
- There may also be capital gains tax on resale and maintenance fees.
- A lawyer and accountant can calculate all costs in advance to avoid surprises.
- Purchase Agreement
- Must be prepared in Hebrew, often with an English translation.
- Should include all terms: price, payment schedule, responsibilities, and guarantees.
- Registration in the Land Registry
- After signing, the notary submits the agreement to the land registry (Tabu).
- Only after registration does the buyer become the official owner.
Practical Checklist for Foreigners
- Find a licensed real estate lawyer.
- Verify the property in the land registry.
- Coordinate the agreement and payments through the lawyer.
- Calculate taxes and fees in advance.
- Ensure the apartment is legally “clean” before purchase.
Unehasim Tips
- Never buy “blindly” — always check documents.
- Use specialists familiar with foreigner transactions.
- Plan the deal in advance, considering taxes and registration.
- Work with reliable real estate agencies.
Conclusion
Buying an apartment in Israel as a foreigner is safe when all legal procedures are followed. Contact Unehasim specialists — we will help you navigate every step, verify documents, and secure your investment.
