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Latest Updates / Real Estate

February 23, 2025

Dun's 100 - Real Estate and Urban Renewal Sector

The Dun's100 Forum for Senior Legal Professionals in the Real Estate and Urban Renewal Sector convened to discuss the challenges and opportunities for 2025. Adv. Alon Abcasis, Partner at our firm and Head of the Urban Renewal and Residential Real Estate Department, addressed the impact of the War in Israel on the Israeli real estate industry during the year 2024 and what is next to come in 2025.

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February 16, 2025

The Risks and Opportunities in the Agricultural Land Market: Purchases, Risks, and Future Projections

Leading real estate companies are investing hundreds of millions of shekels in purchasing agricultural land in high-demand areas, hoping for a change in land use and the realization of enormous profit potential. Adv. Hagit Ben Moshe, partner and head of the Settlement Department at our firm, explains in an interview the risks and opportunities involved in purchasing agricultural land, outlining the advantages of buying agricultural land, including the economic potential within this market, as well as the challenges in realizing the land's value and the risks of delays in the planning process.

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February 6, 2025

Recognition of Undocumented Construction Costs for Capital Gains Tax in Israel

The Israel Tax Authority (ITA) recently published an addendum to the 1987 circular with the goal of minimizing disputes with sellers of residential apartments.

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January 30, 2025

January 2025: Legislative Amendments to Real Estate Taxation in Israel

The new year is already heralding significant tax innovations in Israel in general, and in real estate taxation in particular. Following are highlights of the legislative amendments that were approved by January 2025.

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January 20, 2025

Representing Azrieli Group in a Lease Agreement at Azrieli Business Park Holon

Our firm is representing Azrieli Group in a long-term lease agreement at Azrieli Business Park Holon, comprising a 10-year contract with options to extend for two additional five-year periods. This transaction is part of the group’s ongoing expansion in the office and employment sector in the central region.

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January 12, 2025

Major Increase in Real Estate Transactions in 2024

Elad Reshtick was interviewed in Globes, following a surge in acquisitions in the urban renewal sector. As a capital markets expert, Elad discussed whether this trend could influence the IPO market.

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December 12, 2024

Planning and Building Law – Changes to Betterment Levy Appeal Procedures

A recent amendment to the Planning and Building Law came into effect, introducing changes to the appeal process for betterment levies.

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December 2, 2024

Participation in the Panel of the Urban Renewal Authority – Rishon Lezion

Adv. Ruth Gerbi participated in a panel organized by the Urban Renewal Authority of Rishon Lezion. The panel, which took place yesterday, discussed issues such as recalcitrant buildings, warning notices, professional ethics of lawyers, and differential changes (or disparities) between property owners and other stakeholders in the project. Ruth presented the perspective of the tenants on each of the topics.

November 21, 2024

Israel Tax Authority Issues Executive Order allowing Double Purchase Tax Benefits for Certain Residential Buyers

The Israel Tax Authority (ITA) published a new directive a few days ago that updates the rules for persons classified as disabled, blind, or injured during Israel’s various wars, and families of fallen soldiers.

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October 27, 2024

Extension of Purchase Tax for Investors - Interview with Maya Carmi

The Ministry of Finance intends to extend the purchase tax for investors, currently set at 8%, as part of the Arrangements Law for 2025, which has led to strong opposition from contractors. Attorney Maya Carmi from our firm was interviewed by Yedioth Ahronoth and stated, among other things, that the purpose of freezing the tax rate is to disincentivize investors from purchasing apartments, thereby increasing the supply of available apartments and reducing prices, which would allow young couples and people from lower socio-economic backgrounds to buy homes.

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October 14, 2024

Taxing of Apartment Purchases in Buildings Slated for Demolition

The district court’s position in its recent ruling in the Ahuzat Allenby Ltd. case has significant implications for investors, developers and private individuals who purchase apartment buildings slated for demolition and are looking to change the zoning of the purchased properties.

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October 11, 2024

Summary of the Most Significant Legal Rulings in Real Estate for the Jewish Year

The Real Estate Center interviewed the leading legal experts in the real estate field, including Adv. Terry Almozlino-Arnon, head of our Real Estate Department, regarding the most significant rulings of the year in planning, construction, and urban renewal. Terry highlighted a Supreme Court ruling focused on contracts made with apparent intentions and the Court’s zero-tolerance stance towards such conduct.

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September 18, 2024

Minimal Purchase Tax: Upcoming Taxation Decision to Affect Real Estate Investors - Globes Interview with Terry Almozlino Arnon

The minimum purchase tax for real estate investors is expected to decrease automatically by the end of the year unless the government decides otherwise. Adv. Terry Almozlino Arnon was interviewed on this matter by Globes and noted, amongst other things, that "this is not a market that can wait for January. In the last two years, we have experienced as effects in the real estate market - the increase in interest rates, the legal reform, the Swords of Iron War and the general uncertainty that has prevailed here."

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August 27, 2024

Real Estate Taxation: Tax Aspects in Realizing Real Estate Rights

Maya Carmi Lubartovsky, head of our firm’s real estate taxation practice , participated in another episode of the ACC Podcast Series in collaboration with The new episode covers tax aspects of cash transactions, combination transactions, construction services transactions, the tax advantages and disadvantages of different transaction structures, etcetera.

To listen to the first podcast

August 20, 2024

Real Estate Taxation: Key Things to Know When Conducting a Real Estate Transaction in Israel

As an expert in the field of real estate taxation, Adv. Maya Carmi from our firm, is a guest on the ACC podcast series, providing clarity on all aspects related to real estate taxation. The first two podcasts which were uploaded yesterday, focus on capital gains tax and purchase tax.

To listen to the first podcast

To listen to the second podcast

August 4, 2024

Israel: Improved Purchase Tax Benefit for New Immigrants

The amended regulations, expected to come into effect in August 2024, improve the tax benefit track for new immigrants who are purchasing a first residence and are more lenient than the purchase tax track to which every Israeli resident is entitled when purchasing a first residence.

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July 3, 2024

Barnea: Representing Azrieli Group in Lease Transaction with NTA

Our firm represented Azrieli Group in a multimillion-shekel lease transaction with NTA – Metropolitan Mass Transit System Ltd. As part of the transaction, NTA will expand its office space at Azrieli Business Park Holon from 8,000 to 12,000 square meters. Alon Wolner and Hili Michaeli represented Azrieli in the transaction.

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July 2, 2024

Contractor Loans: Terry Almozlino Arnon Interview with Globes

Terry Almozlino Arnon, the head of our firm's Real Estate Department, spoke with Globes about the future of contractor loans.

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June 30, 2024

Walla: Maya Carmi Lubartovski Discusses Important Details of Gifting an Apartment

No takebacks, receiving nothing in return, and a cooling-off period—gifting an apartment to a relative offers significant tax advantages. However, it is crucial to fully understand the consequences of this move for both the giver and the recipient of the gift.

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June 26, 2024

Globes: Protected Tenants and Key Money

Everything you need to know about key money transactions — the advantages, the disadvantages, and the law.

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