Properties for Sale

IYAR 5778

APRIL 2018

NEWS

1- There is a demand for the Knesset to enact legislation to protect homeowners who own apartments on land leased from the Church. If this affects you, you can communicate with them at jerusalemchurchland@gmail.com

2- KEEP YOUR PASSPORTS - OVERSEAS BUYERS - Make sure that you keep the passport you used when you purchased property in Israel.  Should you decide to sell, having this passport will save you weeks of bureaucratic nightmare that will delay your sale!!

JERUSALEM PROPERTIES

Looking for excellent opportunities?
Check out our New Residential Projects      

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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      

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 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.

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 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 LONG TERM 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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