Not All Square Meters Are Created Equal

A few years ago, my client wanted to purchase a 3-bedroom apartment in a new development project. We first viewed a 150 square meter (“sqm”) 3-bedroom unit [1 sqm equals 10.76 square feet] in a brand new complex. We then visited a different project and looked at a 110 sqm 3-bedroom unit, which surprisingly felt just as spacious as the 150 sqm apartment. When we measured both apartments, we confirmed that the two units were almost exactly the same size! What gives?

2014-04-07 01:14:09
Taxes on Rental Income

My client recently purchased a delightful apartment in Jerusalem to rent out and generate an income stream. At contract signing, he asked us to explain his income tax obligations. At that moment I realized that I should dedicate an article to this topic, as the issue of Israeli tax obligations on rental income applies to many people.

2014-04-06 20:02:47
The Art of Negotiation

I was surprised to learn that Israeli and American negotiating cultures are actually considered relatively similar, as they both value directness and clarity in business negotiations.

2014-03-20 16:52:33
Tel Aviv’s Religious Reawakening

 Tel Aviv at Sunset

As Tel Aviv is known for its hip atmosphere and famous 24-hour culture, I never expected the city to become a destination for young religious people. I was wrong.

2014-03-05 13:53:18
2013 Israel Real Estate Review and 2014 Forecast

New Baka Project. Photo: Gedaliah Borvick

2013 has been a busy year for Israeli residential real estate. Let’s review the past twelve months’ activity and try to identify market trends going forward in 2014.

2014-02-07 10:19:37
New Taxes on Ghost Apartments

 David's Village in Mamilla (Photo: CC-BY-SA Tewfik, Wikipedia)

In early December, the Knesset Finance Committee approved a new law to double the property taxes on “ghost apartments” or secondary residences that sit vacant for at least nine months a year. 

2014-01-15 13:14:38
The Forgotten Side of Beit Shemesh

 Ayalon Park in RBS-Aleph. Photo: Gedaliah Borvick

Unless you have been asleep under a rock for the past few years, you are probably aware that a few bad apples whose extremism and intolerance are against everything that Judaism stands for have blemished Bet Shemesh’s reputation. Now that I got that unpleasant part out of the way, let’s discuss what a great town Beit Shemesh really is.

2014-01-01 12:42:44
Musings From My Sojourns Down South

 My Israel Home's Memphis Workshop - Nov 2013

Something about a petite woman saying “farshtunkina” with a southern twang brings an instant smile to my face.

2013-11-21 23:01:31

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