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Insights & News / Real Estate
August 13, 2020
Supreme Court Reduces Protection for New Apartment Buyers
A new Supreme Court ruling determines that a warning note may not be used as collateral for buyers of apartments in a TAMA 38 project in Ramat Gan in which the developer went bankrupt. In light of the ruling, Elder Adato, the head of our Real Estate Department, was interviewed by Calcalist. He commented: "In dozens of TAMA 38 projects all over the country, the only collateral home buyers received until now was a warning note. These warning notes were primarily intended to ensure the money of home buyers. It is important to note that this ruling applies only to a specific event, in which the contractor collapsed and the warning notes constituted an 'onerous asset' for the completion of the project. "
August 10, 2020
Real Estate Investors: What to Know about Purchasing an Apartment Following the Decision to Lower Purchase Tax Rates
The Ministry of Finance has announced reduced tax rates for the purchase of an apartment for investment. How much will you pay and how can you choose the right tax payment route for you? Check out Liat Keisary’s guide for investors published by Mako.
July 10, 2020
Roundtable Article of Urban Renewal Experts
In the weekend edition of Yedioth Ahronoth, urban renewal experts gathered to discuss burning questions in the field. Representatives from our firm commented on what alternative housing is and when a tenant is entitled to it
July 1, 2020
What to Do When a Tenant Stops Paying Rent
"Exposure", a leading Israeli investigative TV show, was dedicated Monday to lessees that lease prestigious property assets but then stop paying rent and refuse to vacate. The program featured interviews with the prominent Refaeli family, who were victims to a lessee they claim did not pay rent. After the show, host Haim Etgar interviewed Liat Keisary, a partner from our firm who works closely with HNW clients that lease out their properties. Liat clarified what to look for before leasing out a property, what to do if a tenant refuses to pay rent, and how to avoid such
March 23, 2020
The Corona Effect: Q&A on Real Estate
As experts in the real estate field, our firm was interviewed about Globes about the use of the force majeure clause in real estate contracts We noted, "The law does not have a uniform definition of what a force majeure event is and interpretation is made in accordance with previous rulings.”
March 22, 2020
Israel Land Authority Says Appeals Committee Decision Only to Be Considered Recommendation
Adv. Hagit Ben Moshe was interviewed by TheMarker following the Israel Land Authority’s declaration that the Appeals Committee’s decision will only be considered a recommendation and not an obligation. Hagit commented that “this decision could have far-reaching impact.”
February 10, 2020
The Battle over Pinui-Binui: Ministry of Justice Wants You to Receive More for Each Apartment
Our firm was interviewed by Globes on the Urban Renewal Authority's latest initiative to limit the addition of space in the apartments of pinui-binui projects to 12 sq. m. We explained that this reduction represents another decrease in entrepreneurs' profit, thus jeopardizing the promotion of projects in this field.
December 11, 2019
Meetup for Real Estate Entrepreneurs on Crowdfunding
Our firm hosted today together with the crowdfunding platform Pipelbiz a meetup for real estate entrepreneurs. Dr. Zvi Gabbay lectured on raising capital for real estate projects through crowdfunding platforms. He also discussed real estate financing options, preconditions to raising money through a crowdfunding intermediary, and borrowing and investment disabilities.
December 5, 2019
Urban Renewal Authority Halts Projects Due to Improper Obtaining of Signatures
Our firm was interviewed by Globes on the Urban Renewal Authority's latest initiative to limit the addition of space in the apartments of pinui-binui projects to 12 sq. m. We explained that this reduction represents another decrease in entrepreneurs' profit, thus jeopardizing the promotion of projects in this field.
November 20, 2019
Event: Urban Renewal
Our office hosted today an event on urban renewal. The event dealt with the 2019 review of the field and projections for 2020. We also hosted the chairman of the Urban Renewal Authority and held an expert panel.
November 13, 2019
Elder Adato Moderates Mayoral Panel at the Israel Builders Association Conference
Elder Adato, the head of our Real Estate Department, moderated today the mayoral panel at the Israel Builders Association Conference. Participating in the panel were the mayor of Eilat, the mayor of Yehud-Monosson, the co-CEO of Shalom Et Nathan, and the chairman of the Israel Builders Association.
August 12, 2019
Renting or Leasing out an Apartment? Here’s What You Should Know
Adv. Alon Wolner published an article on the Walla news site on the rights and obligations of lessors and lessees.
August 22, 2019
Maya Zisser Featured on Economic TV Program
Adv. Maya Zisser, a partner in the Real Estate Department, was featured on the economic TV program "Sogrim Heshbon." She discussed renting in Israel during the summer.
July 23, 2019
Interview about Purchasing Groups
Our firm was interviewed by TheMarker following publication that a group of apartment purchasers in the exclusive Blue project submitted a claim against Canada Israel. We explained more about purchasing groups and noted that "those who join purchasing groups become entrepreneurs together with the other group members and, as a result, are dependent on the management of the group. The group members have no final price for the apartment, there is no final date for occupancy, and there are no guarantees for the money that they pay. It is important to remember that despite the possibility of large savings in the value of the future apartment, which sometimes reaches 20%, there are many projects managed incorrectly and that sometimes even cost the group more money than they would pay if they were buying an apartment directly from a contractor."
July 7, 2019
Building Removed from Pinui-Binui Plan Due to Residents' Objection
Our firm was interviewed by Globes about a pinui-binui project in Kiryat Yovel, Jerusalem, some of whose residents we were representing. Residents of the middle building objected to the plan before the Jerusalem District Planning and Building Committee, which eventually decided to exclude this particular building from the project. Our firm noted that this decision proves it is possible to make flexible plans and exclude buildings with objections while still otherwise approving pinui-binui plans.
July 3, 2019
The Expected End Date for TAMA 38: May 2020
The Planning Administration revealed that the deadline for the completion of the TAMA 38 plan is May 2020. As expets in the field, our firm was interviewed by TheMarker on the matter. We noted that the Planning Administration's announcement entangles an entire industry built on the basis of TAMA 38, and projects that invested hundreds of hours of work and hundreds of thousands of shekels will be left orphaned and unable to implement.
June 12, 2019
First Evacuation and Reconstruction Project in Givat Olga
Our Real Estate Department is representing the entrepreneurs and some of the residents in an evacuation and reconstruction project on Hagdud Haivri St. in Givat Olga, Hadera.
April 4, 2019
How should you Conduct Yourself When Building Defects are Discovered in the Apartment You Purchased?
Adv. Alon Wolner from our Real Estate department was interviewed by Ynet and explained how to act legally when building defects are discovered in the apartment you purchased, and to which court it is customary to file claims.
February 19, 2019
Planning Administration to Seek Gov't Approval to Cancel Building Easements
Adv. Ariel Nadler was interviewed by Calcalist following notice of the Planning Administration's intent to bring to the government's approval a proposal to cancel building easements.
February 19, 2019
Adv. Ariel Nadler Interviewed on Globes' Facebook Live
Adv. Ariel Nadler was interviewed by Guy Liberman, the editor of the Globes newspaper's real-estate section, about the Director-General of the Planning Administration's initiative to cancel building easements.