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Latest Updates / Real Estate
March 11, 2025
Shahar Poller Atzil on Channel 10: New Broker Regulations
New ethics regulations for real estate brokers in Israel recently came into effect, requiring them to operate with full transparency and uphold high standards of integrity toward their clients. Adv. Shahar Poller Atzil, a partner in our Litigation Department, was interviewed by Channel 10, Israel's business news channel, on the new reform, which is set to radically change the landscape of the real estate brokerage market in Israel.
March 10, 2025
Adv. Alon Abcasis in Article for Ynet: Building Rights in Urban Renewal
After a new record was set in 2024 for the number of pinui-binui complexes in Israel, Ynet conducted a study among cities in the Tel Aviv metropolitan area to determine which grants the most building permits for urban renewal. Alongside industry experts, Adv. Alon Abcasis, a partner and head of the firm's Residential Real Estate and Urban Renewal Department, was interviewed for this fascinating study on the gaps between Givatayim and Tel Aviv.
March 3, 2025
Real Estate Summit in Eilat: Adv. Terry Almozlino Arnon Moderated Expert Panel
Adv. Terry Almozlino Arnon, a partner and head of the firm's Real Estate Department, participated in the Real Estate Summit in Eilat, among dozens of real estate experts in Israel. She moderated a panel that hosted senior figures from the economy, discussing the gap between the prosperity enjoyed by income-producing real estate companies in 2024 and the forecast for 2025, in light of the measures, challenges, and obstacles expected in the coming year.
March 1, 2025
Advising Azrieli Group on Construction of Spiral Tower in Tel Aviv
Our firm is advising Azrieli Group on the development of the Spiral Tower, a building currently under construction and located east of Menachem Begin Road, in Tel Aviv’s northern business district. The group has obtained a permit to build a mixed-use skyscraper of up to 91 stories (approximately 350 meters tall), including a seven-level underground parking facility with about 1,150 spaces. The project allows for the construction of 148,000 square meters of commercial, hotel, and residential space. At the tower’s base, a 13,000-square-meter shopping mall is planned as an extension of the existing Azrieli Center Mall.
February 23, 2025
Dun's 100 - Real Estate and Urban Renewal Sector
The Dun's 100 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, a partner and head of the firm's Residential Real Estate and Urban Renewal Department, addressed the impact of the Gaza war on the Israeli real estate industry in 2024 and what is next to come in 2025.
February 16, 2025
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, a partner and head of the firm's Kibbutz Sector Department, 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.
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.
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.
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.
January 12, 2025
Major Increase in Real Estate Transactions in 2024
Adv. 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.
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.
December 2, 2024
Participation in Urban Renewal Authority Panel – 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 tenants, warning notices, lawyers' professional ethics, 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.
October 27, 2024
Extension of Purchase Tax for Investors - Interview with Maya Carmi
The Ministry of Finance intends to extend purchase tax for investors, currently set at 8%, as part of the Arrangements Law for 2025, which has led to strong opposition from contractors. Adv. Maya Carmi from our firm was interviewed by Yedioth Ahronoth and stated 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.
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.
October 11, 2024
Summary of Most Significant Legal Rulings in Real Estate for the Jewish Year
The Real Estate Center interviewed leading legal experts in the real estate field, including Adv. Terry Almozlino Arnon, head of our firm's Real Estate Department, on 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 Supreme Court’s zero-tolerance stance toward such conduct.
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 by Globes and noted 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."
August 27, 2024
Real Estate Taxation: Tax Aspects in Realizing Real Estate Rights
Adv. Maya Carmi Lubartovski, head of our firm’s real estate taxation practice, participated in another episode of the ACC podcast series. The new episode covers the tax aspects of cash transactions, combination transactions, construction services transactions, the tax advantages and disadvantages of different transaction structures, and more.
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, our firm's Adv. Maya Carmi was a guest on the ACC podcast series, providing clarity on all aspects of real estate taxation. The first two podcasts, uploaded yesterday, focus on capital gains tax and purchase tax.
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.