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Insights & News / Real Estate

December 2, 2024

Participation in Urban Renewal Authority Panel – Rishon Lezion

Adv. Ruth Gerby 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.

October 27, 2024

Extension of Purchase Tax for Investors – Interview with Adv. 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 Lubartovski 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.

See full article >

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.

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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 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."

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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.

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 on real estate taxation, Adv. Maya Carmi Lubartovsky 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.

To listen to the first podcast

To listen to the second podcast

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. Adv. Alon Wolner and Adv. Hili Michaeli represented Azrieli in the transaction.

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July 2, 2024

Contractor Loans: Adv. Terry Almozlino Arnon Interview with Globes

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

See full article >

June 30, 2024

Walla: Adv. 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.

See full article >

March 31, 2024

Pinui-Binui: Court Rules in Favor of Recalcitrant Tenants in Pinui-Binui Project

In an exceptional step, an Israeli court dismissed a claim filed by 243 residents against a couple in its 70s who refused to sign an agreement for a pinui-binui project. Part of the court’s rationale had to do with the couple’s age. Adv. Alon Wolner, a partner in our Real Estate Department, was interviewed by Globes about the case. Alon noted, “The court sided with the couple opposed to the project, even though they do not meet the law’s definition, and should not technically receive an elderly persons designation. The ruling thus provides an escape route, by allowing the couple to receive this designation, and enabling the project to proceed.”

See full article >

April 8, 2024

Adv. Terry Almozlino Arnon Interviewed by Relevant about Third Apartment Tax

Adv. Terry Almozlino Arnon, the head our firm’s Real Estate Department, was interviewed by new Israeli media channel Relevant about renewed plans for a third apartment tax. She noted, “Reducing purchase tax will stimulate the market. A serious boost of encouragement is needed, even for a short period.”

See full article >

March 13, 2024

Adv. Terry Almozlino Arnon Attends Dun’s 100 Real Estate Forum

Adv. Terry Almozlino Arnon attended the Dun’s 100 forum for senior legal professionals in the real estate field. She noted, "Real estate is a main artery in the economy and there is no area it does not touch. A real estate slowdown simulates a clogging of the arteries, and just as the body cannot survive long in such a state, neither can the economy." To continue reading, click here.

See full article >

February 1, 2024

Critique of Proposed Amendment to Real Estate Taxation Law – Adv. Terry Almozlino Arnon Interview with ICE

Adv. Terry Almozlino Arnon spoke with ICE about the Ministry of Finance's plan to impose additional burdens on the market for investment apartment buyers with the hope to increase housing supply and reduce prices. "The goals of the amendment are important, but this is not the way to achieve them," Terry argued. "To invigorate the real estate market, specific incentives, such as mortgage benefits, should be implemented."

See full article >

December 25, 2023

Barnea: Representing Aviv Group in Investment Transaction

Adv. Ilan Blumenfeld, Adv. Terry Almozlino Arnon, Adv. Alon Wolner, and Adv. Daniel Kleinman represented Aviv Group in a ILS 45 million investment by Menora Mivtachim in Aviv Group’s ILS 1.2 billion skyscraper project in Herzliya.

For more details, read the article in Ice

For more details, read the article in Calcalist

December 11, 2023

Barnea: Counsel in Israel’s Most Expensive Real Estate Transaction in October 2023

Adv. Alon Wolner and Adv. Shoval Mandel represented the purchaser in the acquisition of a Tel Aviv penthouse for more than ILS 22 million. The transaction was Israel's most expensive real estate deal in October.

See full article >

November 12, 2023

Operation Swords of Iron: Rise in Diaspora Jews Purchasing Real Estate in Israel

Against the backdrop of the ongoing Israel-Hamas war, an increasing number of diaspora Jews have recently been purchasing apartments and other properties in Israel. Adv. Liat Keisary, the head of our firm’s Private Client Department, was interviewed by Ynet, alongside other experts, for an article on the trend. Liat explained that this trend, together with the weakening of the shekel, is expected to lead to a sharp increase in the purchase of luxury properties in Israel.

See full article >

September 13, 2023

What to Know about Joining a Purchasing Group – Adv. Alon Wolner Interview with Bizportal

For years, the purchasing group trend made transactions to purchase an apartment more viable. Today, as part of the drive to deal with sky-high housing prices, the trend has seen a resurgence. As an expert in the real estate field, Adv. Alon Wolner was interviewed by Bizportal on the subject. Alon noted that “naturally, when there is an attempt to lower prices, creative solutions are sought, but we should remain aware of the risks inherent in purchasing groups.”

See full article >

July 15, 2023

Barnea Represents Aviv Group in ILS 1.1 Billion Financing Agreement

Adv. Terry Almozlino Arnon, Adv. Alon Wolner, and Adv. Nadav Shoshan represented Aviv Group in a financing agreement for the purchase of land for the construction of 733 housing units in Herzliya. The scope of the financing agreement is more than ILS 1.1 billion.

July 17, 2023

Barnea: Representing 120 Apartment Owners in Pinui-Binui Project Against Three Recalcitrant Owners

Our Real Estate Department is advising apartment owners in a residential complex designated for pinui-binui in Herzliya. We represented a group of about 120 apartment owners in court against three recalcitrant owners who are objecting to the project due to their demand for higher recompense from the contractor. The court made the extraordinary decision to order the recalcitrant owners to pay ILS 7.8 million in compensation (ILS 2.6 million apiece). In addition, each recalcitrant owner was ordered to pay ILS 20,000 for legal expenses.

See full article >

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