Buying an apartment or office in Israel is a multi-stage process that involves legal, financial, and tax aspects. The rules differ for citizens and foreign buyers, which makes it essential to have a reliable partner who will guide you through every step of the transaction.
ASR Service Real Estate helps clients purchase residential and commercial properties in Netanya, Herzliya, Holon, Hadera, Rishon LeZion, Caesarea, and other cities. We work closely with leading developers, lawyers, and interior designers to ensure that every purchase is both secure and a profitable investment. For us, the client’s wishes are inviolable.
Step-by-Step Process of Buying an Apartment or Office in Israel
1. Negotiations and Property Evaluation
We analyze market value, select comparable options, and guide you through negotiations. Bargaining is standard practice in Israel, and well-structured negotiations can significantly reduce costs.
2. Mortgage (Mashkanta)
- Verification of credit history and financial capacity
- Selection of the right bank and mortgage program
- Obtaining preliminary approval (Ishur Ikroni)
- Making the down payment (typically 25–40%)
- Assistance during contract signing with the bank
We provide consulting to optimize mortgage conditions and reduce the total loan cost through careful program selection.
3. Taxes and Mandatory Payments
- Mas Rechisha (property purchase tax) — depends on the property value and must be paid within 50 days
- Arnona (municipal tax) — monthly payment for property usage
- Vaad Bayit — expenses for building and common area maintenance
We calculate tax liabilities in advance and advise clients on how to avoid overpayments.
4. Additional Expenses
- Developer’s fee (around 1.5% of the property price)
- Notary and registration fees
- Real estate lawyer services
- Technical inspection of the property
- Home and property rights insurance
Main Property Types
- Apartments — the most popular choice for living and investment
- Cottages — two-story houses with private entrances and cozy layouts
- Villas — spacious premium-class homes with surrounding land
- Penthouses — top-floor residences with terraces and panoramic views
Why Choose ASR Service Real Estate
ASR Service Real Estate accompanies clients at every stage — from selecting the property to arranging the mortgage and registering ownership rights. We guarantee transparency, legal protection, and the most favorable conditions for your transaction.
