Buying an apartment in Israel for a foreign resident: a guide to a safe process
The legal, banking and taxation steps in purchasing property in Israel remotely or as a foreign resident.
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A foreign resident who buys an apartment in Israel should coordinate in advance between a lawyer, a bank, a tax expert and the exchange rates. Checking property rights, purchase tax, source of funds, possibility of transfer to Israel, mortgage, power of attorney and registration. Early planning is essential because the tax and credit classification is not determined only by the number of apartments the buyer owns in Israel.
Written and professionally reviewed by the Ailon Financing Solutions team
before signing
An Israeli attorney on behalf of the buyer checks ownership, encumbrances, planning, taxation and agreement. At the same time, the bank examines income, credit, source of funds and residency documents. Get approval in principle before making a commitment and define in the contract a payment schedule that is suitable for transfers from abroad.
Currency exchange rate can change equity and return. Build a cushion for fluctuations and avoid assuming that the bank will fully recognize any foreign income. Check costs bThe cost guide and inPurchase tax calculator.
A guide to financing a property in Israel for a foreign resident, including regulatory ceilings, bank policies, income in foreign currency and taxation.
What is the difference between a full balloon, outstanding and a bridging loan, how is the final payment calculated and what tests are performed before interim financing.
Is it possible to make the purchase outside of Israel?
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Some actions can be performed through power of attorney and verified documents, but the requirements depend on the country, the bank, the registration authority and the transaction.
Does a foreign resident receive tax brackets for a single apartment?
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Generally, the rates for a single apartment are conditional on the individual being a resident of Israel, or moving to Israel within the period and under the conditions stipulated by law. An individual tax audit is required.
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