Show me an example Israel Real Estate News: You want to buy real property in Israel. How do you do it?

Wednesday, June 27, 2007

You want to buy real property in Israel. How do you do it?

There are two main types of property in Israel: privately-owned and state-owned, which are treated differently by the law. The main difference is that the title to private land is registered in the land registry under the name of the purchaser. But the buyer cannot gain title to state land: what you get is a long-term lease to the property, usually 49 years with an option to extent for an additional 49 years.