05/06/2026
BUYER BEWARE!!!
It’s that simple - buying property in Israel is different from buying property anywhere else.
Purchasing real estate in Israel is very different from buying property overseas for several reasons:
* There is no standard sale contract.
* The sale contract is the binding document of the transaction. If a term or provision is not included in the contract, it is generally not part of the deal.
* There is no single, central property registry in Israel. It is therefore essential to verify where the ownership rights to the property are recorded.
* All due diligence and property checks should be completed before signing the sale contract.
* Arrange your financing before signing. If you require a mortgage, obtain the bank’s approval confirming your eligibility and approved loan amount before entering into a binding agreement.
* Be aware of the taxes associated with the transaction. Property purchases in Israel are subject to acquisition tax, with rates varying according to the purchaser’s status.
* Make sure you fully understand what you are buying. For example, a “5-room apartment” in Israel typically consists of 4 bedrooms and a living room.
* Verify the exact location of any parking space or storage unit included with the property.
* Real estate transaction documents are generally drafted in Hebrew. Ensure that all documents are translated and fully explained to you before signing. Under Israeli law, claiming that you did not understand the documents because you do not read Hebrew is generally not a valid legal defense.
Advocates Lisa Segelov and Gidon Cohen of Cohen Segelov Advocates are experienced real estate lawyers with more than 30 years of expertise in Israeli real estate law. They specialize in assisting foreign residents, new immigrants, and returning Israelis with property purchases in Israel.
For further information, please contact us:
+972 3 613 4244 | www.cslawyers.co.il | [email protected]