Q: When buying or selling real estate in Jerusalem, What is the negotiation process like?

A: Typically in Israel when buying or purchasing a home flat or any type or property negotiations are held in meetings face to face or via brokers or lawyers. Offers are not necessarily made in writing. Keep in mind only a signed contract is legally binding. However you never sign a Memorandum (“Zichron Dvarim”) without your lawyer.

Q: I've heard that real estate is one of the most reliable long term investments one can make, what return on my investment should I expect when purchasing a residential apartment, house or property in Israel, and more specifically in Jerusalem?

A: Investments in Real estate are a fine investments for the long term returns. Unlike the real estate market in most countries, in Jerusalem you will find the rental return rate is 3-5% of the property value.

Q: In what way is the selling and purchasing process different in the Israeli market compared to the U.S. or other countries around the world?

A: Indeed there are many differences between the real estate market in Israel and the markets in the U.S., Canada, Europe and globally. These differences are the result of legalities, economics, or simply a matter of a different mentality. For example: when purchasing a property, be it a home or a flat, in Israel, note that it usually will not include appliances or closets. Most real estate markets around the world have one currency, however you will find in Israel pricing in NIS, Dollars or Euro. As a result, you need to take into the calculation converting fees. Don’t be alarmed when the broker represents both sides of the deal, it is not uncommon in Israel. Long term rental contracts in Israel/ Jerusalem are usually no longer than 2-3 years. For a full detailed explanation don’t hesitate to contact us , we are aware of how intimidating it is to purchase or sell in a foreign real estate market, with 23 years experience we will guide you through the entire process.

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