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Insights & News / Real Estate
October 27, 2016
Five Chinese Companies and One Portuguese Company Granted Permits to Perform Construction Work in Israel
Adv. Ariel Nadler, a partner and head of our Real Estate Department, was interviewed by TheMarker about the decision by the Ministries of Finance and Construction to grant foreign companies permits to carry out construction work in Israel. Ariel noted that, with Israeli construction firms facing collapse, opening the market to foreign companies is a positive step.
August 10, 2016
Investors Search For Options Before Apartment Tax Comes Into Force
Adv. Liat Keisary was interviewed by Bizportal following Finance Minister Moshe Kahlon’s announcement of the government’s intention to impose an annual tax on owners of three or more apartments. Liat discussed the advantages and disadvantages of holding these properties through a company.
August 3, 2016
Moshe Kahlon Proposes New Apartment Tax
Finance Minister Moshe Kahlon is proposing an annual tax of 1% of property value on owners of three or more apartments, effective January 2017. Adv. Liat Keisary told Globes that owners are likely to find lawful tax structures to reduce their liability, while those unable to do so may pass the cost on to tenants.
July 26, 2016
Jerusalem Real Estate Scams and How to Avoid Them
Adv. Liat Keisary was interviewed by Ynet about a real estate fraud case in Jerusalem involving the sale of apartments using forged documents. Liat emphasized the importance of watching for warning signs and following a structured process when purchasing property.
June 28, 2016
Israel Tax Authority Audits Short-Term Landlords
Adv. Harel Perlmutter, the head of our Tax Department, was interviewed by Globes following the Israel Tax Authority’s announcement of tax audits targeting landlords who offer short-term rentals. Harel explained that these landlords are liable for both income tax and VAT.
June 26, 2016
Brexit Effect on Real Estate Market in Britain
This interview by Ynet explores the possible economic implications of the Brexit vote on real estate prices. Our expert advises to wait and see how much prices drop before buying or selling property in the country.
June 26, 2016
Opportunities for Israeli Investors in Wake of Brexit Referendum Results
Adv. Simon Jaffa, a founding partner, was interviewed by Calcalist on the opportunities for Israeli investors created by falling real estate prices in the UK in the wake of the Brexit referendum results
April 6, 2016
A Watershed Moment for Purchasing Groups – Interview with Adv. Ariel Nadler
A conversation with Adv. Ariel Nadler on the pros and cons of purchasing groups.
February 28, 2016
Bizportal Interviews Ad. Ariel Nadler on Sale Law Change
Adv. Ariel Nadler, a real estate expert, was interviewed by Bizportal about an amendment to the Sale Law approved this morning by the Israeli government. Ariel warned that reducing the guarantees provided to apartment buyers by the VAT component could harm buyers: if a guarantee is called, repayment of the VAT they have paid would not be guaranteed.
December 22, 2015
Hungary- the standard VAT rate of 27% will be reduced in 2016 to 5% for the sale of newly constructed residences
Since the number of newly constructed apartments and houses dropped drastically in Hungary in recent years, the aim of the VAT amendment is to increase the number of residential properties available on the Hungarian market. Adv. Gal Oren, who has extensive experience in the Hungarian market, was interviewed by Calcalist.
November 22, 2015
The average price of a home continued to rise in the third quarter
Ariel Nadler was interviewed by Globes regarding the Government Assessors Office report of a 1% rise in home prices in Israel's 16 largest cities from the second quarter and a 3% rise from a year ago.
November 22, 2015
Israeli home prices rose in Q3
Israel's Government Assessor published today the fact that home prices rose 1.4% in the third quarter of 2015.
Adv Ariel Nadler, head of our Real Estate Department, was interviewed by Bizportal, saying that he believes that only an all encompassing solution to the problem of high property prices in Israel can stop this upward trend.
October 12, 2015
Barnea & Co. represents AFI group
We represent the AFI group in a transaction for the construction two office buildings in Romania. The matter value is 50 Million Euro
March 25, 2015
How the new government will cope with failures in the real estate market?
Following last week's elections, "Eched Ha'am" Magazine organized a real estate experts round table in order to discuss the current real estate crisis, possible solutions and provide a forecast for the future. Ariel Nadler, partner and head of the Real Estate department at Barnea, spoke about market failures, the challenges and weaknesses in the existing solutions.
July 14, 2015
Housing cabinet approves subsidized housing program
The housing cabinet, headed by Finance Minister Moshe Kahlon, confirmed yesterday a long series of decisions made by the cabinet, relating primarily to relief on property prices. The Financial magazine, Globes, published comments by certain real estate experts regarding these measures. One of the experts, Maya Zisser, a partner in the real estate department of our firm commented that she doubted whether the promises made will be fulfilled.
August 11, 2015
Israel home sales reach all-time monthly record
The Ministry of Finance has published data showing a 42% surge in apartment purchases to a record 16,100 apartments in June. This " wave of sales" is a result of investors trying to buy before implementation of the new purchase tax. Maya Zisser Ben Tal, partner in the real estate department, was interviewed by some leading newspapers and websites – Globes, Calcalist, Ynet and Bizportal, saying that she doubts if the new purchase tax will eventually reduce high prices in the housing market.
March 25, 2014
Zero VAT plan for new homebuyers
The Israeli Minister of Finance, Mr. Yair Lapid recently proposed that a couple with at least one child intending to buy their first apartment from a contractor will not be obliged to pay VAT. The head of real estate department at Barnea, Ariel Nadler, agrees that this proposal will allow young couples to buy an apartment, however, this step is not enough in order to change the current real estate situation in Israel. Calcalist, 19.3.14.
October 7, 2014
Zero VAT on first home will be for seven years only
The initiative to apply 0% VAT for first-time homebuyers will be a temporary ordinance for seven years. The leading newspaper Globes described the legal effects of this and interviewed senior lawyer, Liat Keisary Yahalomi.
December 11, 2014
Barnea & Co. represented Israel Natural Gas Lines
The Real Estate department, headed by Ariel Nadler, represented Israel Natural Gas Lines in the petition filed against it by Kibbutz Regavim. The judge rejected the petition stating that she did not see a reason to interfere in the government’s decision. In her view, once the safety concerns had been cleared, the kibbutz should have withdrawn the petition, which it did not do, The kibbutz will have to bear petition costs of NIS 4,000,000.
May 16, 2013
A residential plot in Herzliya was sold for NIS 32 million
The plot, that can accommodate 43 units, was put out to tender after there was a dissolution of ownership in the plot between the owners. This emanated from the owners failing to reach the agreement between themselves as to whether to proceed with either developing the plot or selling it.
The tender and sale process was managed by Attorney Ariel Nadler, head of the real estate law department at Barnea To read more, please click here