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Real Estate in Israel | Expat Exchange
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Real Estate in Israel

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By Joshua Wood, LPC

Last updated on Mar 07, 2024

Summary: An expat looking to buy a home in Israel should start by researching the different neighborhoods and cities in the country. It is important to consider factors such as cost of living, proximity to amenities, and safety. Additionally, expats should research the local real estate market and consult with a real estate agent to help them find the right property. Foreigners are allowed to own property in Israel, but there are certain restrictions. For example, foreign nationals are not allowed to own land in certain areas, such as the Golan Heights. Additionally, foreign nationals are not allowed to purchase property in certain areas designated for Jewish settlement. Houses in Israel typically include amenities such as air conditioning, central heating, and a balcony or terrace. Many homes also have a garden or yard, and some may include a swimming pool. Additionally, many homes in Israel are equipped with modern appliances, such as dishwashers and washing machines.

How do I find a place to live in Israel?

We asked expats how they chose their neighborhood and found a place to live. They answered:

"One of the best ways to find a place to live in Israel is to use online resources such as websites and classifieds. Websites such as Yad2, Nefesh B'Nefesh, and Zoopla are great resources for finding apartments, houses, and other rental properties. Additionally, classifieds such as Craigslist and Gumtree can be used to find rental properties. Additionally, it is possible to find a place to live in Israel by networking with friends, family, and colleagues who may know of available rental properties. Finally, it is possible to find a place to live in Israel by contacting real estate agents who specialize in rental properties," said one expat in Israel.

"I found an amazing relocation service through a guy named Rani. He found me accomodation and a job and helped me with everything, including opening a bank account, acquiring a credit balance, access to free medical aid, he even took me to the grocery store to familiarize me with all the products. Then he had referred me to a 5 hour Hebrew training crash course where I learned basic Hebrew," remarked one member in Tel Aviv.

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What is a typical expat home or apartment like in Israel?

"Expat homes and apartments in Israel tend to be modern and comfortable, with many featuring air conditioning, high-speed internet, and other amenities. Many expats choose to live in larger cities such as Tel Aviv and Jerusalem, where they can find a variety of housing options, from luxury apartments to more affordable options. Expats can also find homes and apartments in smaller towns and villages, where they can enjoy a more relaxed lifestyle. In general, expat homes and apartments in Israel are well-maintained and offer a comfortable and convenient living experience," explained one person living in Israel.

"It's a beautiful and renovated 2 room apartment in Tel Aviv old north near the beach. I'm not sure if its typical, every apartment has its own character," said one expat in Tel Aviv.

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What is the average cost of housing in Israel?

If you are thinking about moving to Israel, cost of living in probably a key consideration. Expats commented about the cost of housing:

"The cost of housing in Israel is generally quite high, with the average price of a home in the country being significantly higher than the average price in other countries. The cost of renting in Israel is also quite high, with the average monthly rent for a one-bedroom apartment in the country being around $1,000," remarked one foreigner who made the move to Israel.

"They are somewhat higher, Tel Aviv is an expensive city and you pay for living near the beach and for the weather in Tel Aviv," explained one person living in Tel Aviv, Israel.

Should I buy or rent a home in Israel?

If you have not spent a lot of time in Israel, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:

"Buying a home in Israel can be a great investment, as the country has a strong economy and real estate market. However, it is important to consider the costs associated with buying a home, such as closing costs, taxes, and maintenance fees. Additionally, it is important to consider the length of time you plan to stay in Israel, as buying a home may not be the best option if you plan to move in the near future. Renting a home in Israel can be a great option for those who are not ready to commit to buying a home, as it allows for more flexibility and can be more cost-effective in the short-term," said one person in Israel.

What do I need to know when buying property in Israel?

When we asked expats what advice they would give a foreigner before buying a property in Israel, they said:

"1. It is important to research the area you are interested in buying property in, to ensure it is suitable for your needs. 2. It is also important to understand the legal process of buying property in Israel, including the different types of ownership and the associated taxes and fees. 3. It is advisable to seek professional legal advice when purchasing property in Israel, to ensure that all legal requirements are met. 4. It is important to be aware of the different types of mortgages available in Israel, and to understand the associated terms and conditions. 5. It is also important to be aware of the different types of insurance available in Israel, and to understand the associated terms and conditions. 6. It is important to be aware of the different types of taxes and fees associated with buying property in Israel, and to understand the associated terms and conditions. 7. It is important to be aware of the different types of maintenance and repair services available in Israel, and to understand the associated terms and conditions. 8. It is important to be aware of the different types of rental agreements available in Israel, and to understand the associated terms and conditions. 9. It is important to be aware of the different types of building regulations and zoning laws in Israel, and to understand the associated terms and conditions. 10. It is important to be aware of the different types of utilities and services available in Israel, and to understand the associated terms and conditions," explained one person living in Israel.

Are foreigners allowed to own property in Israel?

When we asked expats what advice they would give a foreigner before buying a property in Israel, they said...

"Yes, foreigners are allowed to own property in Israel. However, there are certain restrictions in place. Non-Israeli citizens are not allowed to purchase land in certain areas, such as those designated as military zones or those that are part of the state's master plan. Additionally, foreign citizens are not allowed to purchase land in areas that are deemed to be of strategic importance to the state. Foreigners are also not allowed to purchase land that is owned by the Jewish National Fund," explained one expat in Israel.

What appliances are typically included in a rental?

We asked foreigners in Israel what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:

"Rental properties in Israel typically include a refrigerator, stove, oven, and washing machine. Some properties may also include a dishwasher, air conditioning, and/or a water heater. Depending on the property, additional appliances such as a microwave, toaster, and/or coffee maker may also be included," explained one person living in Israel.

Additional Information about Searching for a Home in Israel:

We asked foreigners in Israel what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...

"Expats typically search for homes in Israel by using online real estate websites, such as Yad2, which offer a wide range of listings. They can also contact local real estate agents who specialize in helping expats find homes in Israel. Additionally, expats can search for homes in Israel by attending open houses and visiting neighborhoods to get a better feel for the area. Finally, expats can join online forums and social media groups to connect with other expats who may have helpful advice and tips for finding a home in Israel," explained one foreigner living in Israel.

About the Author

Joshua Wood Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.

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