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Latest Updates / Real Estate

February 23, 2023

Terry Almozlino Arnon Participates in Dun’s 100 Real Estate Forum

Terry Almozlino Arnon, head of our firm’s Commercial Real Estate Department, participated in the Dun’s 100 forum for senior legal professionals in the real estate field. The forum brought the professionals together to address burning issues in the industry. Topics of discussion this year included Israel’s housing crisis and the continued increase in interest rates.

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February 6, 2023

Buying an Apartment “On Paper” – Caveat Emptor?

A new Supreme Court ruling reverses a district court decision, while imposing heightened liability and an enhanced duty to disclose information on “on paper” apartment sellers.

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January 23, 2023

Contractor’s Insolvency during a Real Estate Project – How to Minimize Damages?

When a performance contractor in a real estate project becomes insolvent, the developer must make decisions and take a series of measures. It’s important to understand the legal implications of such measures and in what instances they could expose the developer to the filing of legal actions by the insolvency trustee appointed to the contractor.

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January 1, 2023

2022: Trends in Real Estate Law in Israel

The uptrend in Israel’s housing prices continued in 2022. It appears we are only now beginning to feel the outgoing government’s measures. In the regulatory arena, amendments to the Sale Law (Apartments) should begin affecting the balance of powers between buyers and sellers of new apartments.

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December 8, 2022

From Agricultural Lands to Business Projects: How to Overcome Challenges along the Way

Agricultural communities in Israel are far from realizing their inherent business potential. Regulatory restrictions force such communities to be selective in choosing the transactions proposed to them and to maintain informed and long-term thinking about their priorities and the alternatives. What is the best way for them to realize their potential?

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December 5, 2022

Hagit Ben Moshe Interview with TheMarker on Purchasing Agricultural Land

Israel’s housing crisis has increased the attractiveness of purchasing unimproved agricultural land. Hagit Ben Moshe, head of the firm’s Kibbutz Sector Department, was interviewed by TheMarker on the complexities of purchasing such land for investment. She shed light on the many risks that can accompany these types of deals.

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December 4, 2022

Closing a Deal – Transaction Closing in the World of Malls and Chain Stores

Terry Almozlino-Arnon, Alon Wolner, and Irit Brodsky are participating in a panel on how to successfully complete mall real estate transactions and commercial tenders. The panel is being held as part of the Israel Mall Chain Store Conference held in Eilat.

November 28, 2022

Institutional Entities Investing in Urban Renewal – Success Story?

Will an alliance develop between urban renewal companies and the capital market? Elad Reshtick, a partner in our firm’s Capital Markets Department, addresses the issue in an op-ed for Calcalist.

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November 22, 2022

Real Estate: Slowdown of Israel Building Inputs Price Index Affecting Buyers

In the last three months, Israel's Building Inputs Price Index rose by only 0.1%, affecting both apartment buyers and contractors. As part of a Globes interview with experts in the real estate field, Terry Almozlino Arnon, head of our firm's Commercial Real Estate Department, discussed the importance of Amendment 9 to the Sales Law (Apartments).

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November 21, 2022

Luxury Apartments in Israel: What Is the Maximum Exemption from Land Appreciation Tax?

The Israel Tax Authority and the Real Estate Tax Appeals Committee disagree on the entitlement to the maximum exemption from land appreciation tax.

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November 7, 2022

Podcast: Adv. Harel Perlmutter Talks Real Estate Taxation on "Kesef Bakir"

Taxation can make or break real estate deals. Harel Perlmutter, head of our firm's Tax Department, talks with Guy Lieberman about tax hitches and opportunities in an interview also published on Globes.

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September 4, 2022

Responding to ITA Solution for TAMA 38 Tax Benefits

The Israel Tax Authority announced a temporary solution for the problem of tax benefits in TAMA 38 projects. Our firm commented on the proposed solution.

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August 11, 2022

Everything Foreign Residents Need to Know about Buying an Apartment in Israel

Buying an apartment in Israel can be an excellent transaction for foreign residents, even without lower purchase tax brackets, as long as they know the right way to proceed.

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July 18, 2022

Condominium Buildings and Electric Vehicle Charging Stations – New Ruling

An apartment owner in a condominium building installed a private electric charging station in her parking space without the consent of the other apartment owners. This is what the supervisor ruled.

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July 11, 2022

Israel's New Urban Renewal Plan – When and What?

Last week, the Knesset approved Interior Minister Ayelet Shaked's new urban renewal plan in second and third readings. The new plan will replace Tama 38, the national outline plan for strengthening existing structures against earthquakes. What are the main points of the new urban renewal plan? How will it be implemented and until when can projects be promoted within the framework of Tama 38? Read Globe's new article.

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July 6, 2022

News for Apartment Buyers in Israel – Major Amendments to the Sale (Apartments) Law

The latest amendment includes a limit on linkage to the construction input index and revises contractors’ compensation rates for delays in apartment deliveries

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July 3, 2022

Latest Legislative Amendments to Promote Pinui-Binui Projects

The importance of pinui-binui (vacate-and-build) projects for resolving the housing shortage in Israel has spurred new legislation to resolve the problem of recalcitrant tenants, to define what constitutes a majority of tenants in such projects, and to regulate projects in neighborhoods comprised of detached houses.

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June 22, 2022

Elections 2022: The Industry Entering a Huge Crisis

The decision to hold elections in October 2022 looks likely to have a significantly negative effect on Israel’s urban renewal industry. Our firm commented to The Marker, . “If we hoped for a slowdown or a halt to rising real estate prices, it’s not going to happen. Especially in the urban renewal field, there is a real fear of massive delays.”

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April 14, 2022

Development Expenses Not Included in Property’s Purchase Value

The Israeli Supreme Court rejected the Israel Tax Authority’s position regarding the inclusion of development expenses in property values for tax purposes.

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April 5, 2022

Barnea: Representing Kibbutz Shefayim and Yad Hana in Transaction to Sell Land Designated for Logistics Complex

Mivna Group has acquired 50% of the shares of the Yad Hana Homesh Industries Cooperative Association for ILS 140 million. The parties intend to jointly establish an innovative logistics center in a total built-up area of about 100,000 square meters. The client was represented by Advs. Ilan Blumenfeld and Maya Zisser.

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