Properties for Sale

Israel Property News

SIVAN 5777

JUNE 2017


JERUSALEM PROPERTIES

New Residential Projects
in South and West neighborhoods 
          

 Boutique Building  #1422

A TAMA 38 project  8 apartments built on 2 storeys
2 -3 bedrooms - 67- 106 sqm.
Prices range NIS 1,472,000 - 2,023,000

25 New Apartments - #1423

 A TAMA 38 project - on 3 storeys

2-4 bedrooms creatively designed.  
sizes from 67-125 sqm.  
Prices from NIS 1,420,000 - 2,420,000.

            * * * * *

Cottage With A Pool & Sauna  #1168
Located close to Talbieh and Emek Refaim.
A truly beautiful and comfortable home for the special family!

              * * * * * 

Exquisite Villa  #1288 

On private land, this beautiful building is on 3 levels      

          ******

 Jerusalem Suburban Town #1419

Just 20 minutes from Jerusalem, a religious and secular community offers a range of housing from semi -detached homes to apartments -garden, penthouses and everything in between.

              **********

 HOME IN TEVERIA

Overlooking the Kinneret Lake  #1406

NEW PROJECT NOT TO BE MISSED!!!  3-4 bedrooms with a succah balcony, parking and storage room facing the Kinneret. Sizes  range from 100- 130 sqm.  Balconies from 11- 102 sqm. Amazing prices from NIS 850,000- 1,250,000.

 

     CHECK OUT OUR LONGTERM RENTALS!

 

The Basics: 
Jerusalem Real Estate Numbers & Measurements

By Laura Firszt

CURRENCY IN JERUSALEM PROPERTY PURCHASES
Israeli resale property prices are quoted in either US dollars or New Israeli Shekels. Prices for new construction are stated in New Israeli Shekels.
 
 
NUMBER OF ROOMS
The number of rooms is usually given as the number of bedrooms plus the living room; for example, 3 bedrooms + LR = a 4-room apartment.
Kitchen and bathroom(s) are not included in the room count, although they are counted as part of the square meterage (shetach).
When a property is described as, for example, 4.5 rooms, the “half room” may be a small bedroom or study or, alternatively, a large hall.
  
FLOOR                                                                                                                                                                                                
In Israel, the 1st floor (koma rishona) is considered one flight up from the ground floor (komat karka).

MEASUREMENT CONVERSION TABLE (APPROXIMATE EQUIVALENTS)
1 running meter       39.37 inches
1 square meter        10.76 square feet
1 square foot            0.093 square meter
1 dunam                   1000 square meters (0.247 acre)
1 acre                         4.05 dunams

CLOSING COSTS ON REAL ESTATE PURCHASE                                                                                                           *Property Purchase Tax                             up to 5%
*Real Estate Brokerage Commission   2% + VAT
*Your Lawyer’s Fee                                    1% + VAT (average percentage)
*Developer’s Lawyer Fee                         1.5% + VAT (to register building & apartment, new construction only)
 
NOTE:  Value-Added Tax, or VAT, is charged only on specific fees as indicated above, not on the entire purchase price. Currently VAT is 16%.  

Possible Aditional Costs                                                                                                                                             *Exchange rate differentials (i.e. the cost of converting money from foreign currency to NIS)
*Mortgage initiation charges
 
All the above costs can possibly add approximately 10% to the purchase price.


BROKERAGE COMMISSION ON RENTALS
Long Term Rentals                           One month's rent + VAT
Short Term Rentals                           10% of rental fee

 

 
   

 

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