Navigating the Israeli property market can be rewarding yet complex, especially for international buyers. It's essential to engage a specialised lawyer to understand the unique legal landscape, conduct thorough due diligence on property titles, and be aware of tax implications like purchase tax and capital gains tax. Additionally, exploring financing options through local banks and staying informed about market trends in various regions will help ensure a successful investment in this vibrant and diverse real estate market.

At the "Globes" Kibbutz Momentum conference, Israel Land Authority (ILA) Director General Yaakov Kvint emphasized the need to increase land supply to address rising housing prices. He discussed the land tender at Kibbutz HaOn, defending the ILA's decision to prioritize reserve duty soldiers for 63% of the lots. Kvint also noted a 20% drop in land prices over the last four years but acknowledged that high interest rates and construction delays are still pushing housing costs up. To combat this, he called for expanding land supply and offering greater discounts in peripheral areas.

The Jerusalem District Planning and Building Appeals Committee has mandated that both the Jewish National Fund (JNF) and the Greek Orthodox Patriarchate pay substantial betterment levies on land owned by the Patriarchate in prime areas of Jerusalem. This decision, following the sale of the land to Extell in 2023, involves determining the exact levy amount for the JNF through an appointed appraiser. The situation is particularly unusual due to the historical complexities of property transactions in Israel, reflecting practices from before the state’s establishment.

Buying a new build in Israel offers modern amenities and lower maintenance costs but comes with higher initial expenses and potential construction delays. New areas might take time to develop, affecting immediate living conditions. Prices and development maturity can vary widely by location.

This guide offers a general overview for UK buyers interested in purchasing property in Israel, covering market dynamics, legal frameworks, financing, tax considerations, and practical aspects. For detailed, personalized advice and a thorough understanding of the process, it’s essential to consult with experts.

The Knesset Finance Committee has approved new regulations offering reduced purchase taxes for new immigrants buying property in Israel. Under the updated rules, new immigrants will pay a significantly lower tax rate of 0.5% on homes valued up to NIS 6 million, compared to the standard 3.5%-5% rate for Israeli citizens. This change aims to ease the financial burden for those returning to Israel and support their integration into the country.

In Jerusalem, church-owned land plays a pivotal role in the residential property market. This ownership impacts everything from property values and leasing terms to the availability of housing. With long-term leases, potential uncertainties around renewals, and recent sales to private developers, navigating the complexities of residential property on church land requires careful consideration. Understanding the unique legal and regulatory landscape is essential for anyone looking to invest or reside on these historic and often sought-after properties.

When purchasing residential property in Israel, foreign buyers often encounter the Vaad Habayit, or House Committee, which manages communal areas in apartment buildings. The Vaad Habayit oversees maintenance, handles disputes, and manages budgets funded by monthly fees from residents. Understanding the role and costs associated with the Vaad Habayit is essential for foreign investors to ensure a well-maintained property and a smooth living experience. Engaging with the Vaad can also provide valuable insights and help build a positive community rapport.

Arnona, Israel's council tax, is a municipal property tax applied to residential and commercial properties. It funds public services like waste collection and street cleaning. The tax varies based on property type, size, and location, and is usually paid by the property's occupant. Understanding Arnona's calculation, payment responsibilities, and potential discounts is crucial for property owners and tenants to manage costs effectively.