The year 2022 is at the door. The health crisis is no longer paralyzing our economy (which has never ceased to prosper even in the heart of the pandemic), and the national budget has (finally) been voted in, hanging over our country like a cloud of stability, of security.
Like its inhabitants, the Israeli system is brash and super-confident, barreling fearlessly forward, as evidenced by its currency, which has rarely been so strong.
The two big cities of Jerusalem and Tel Aviv have never stopped being in the spotlight and continue to attract foreign customers, but now places like Netanya, Beit Shemesh, Jaffa and northern Israel are also attracting investors.
Every day, we professionals invent solutions to the legal, financial and taxation issues that punctuate the process of real estate investment in Israel, and thus manage to create tailor-made economic models that are viable and beneficial.
This Sunday, November 14, at the Real Estate Event in Brooklyn, we will address all these aspects: the taxation of individuals and of LLCs based in the USA, foreign transfers and mortgage loans, as well as an overview of what awaits us in 2022, in light of various reforms that are planned—and for which we have been preparing our many foreign and American customers.
The latest government decisions aim to facilitate access to property for young couples. Additionally, as announced by the Knesset spokesperson last week, purchase tax for investors (including foreigners) will be rehabilitated to its former pre-pandemic rate, thus increased to start at 8%.
The construction cost index, which has remained inert for a long time, is beginning to show signs of growth, and we will analyze this as well.
All these elements indicate a trend of dense and dynamic activity in this sector, which has seen a spike in popularity due to its stability and extraordinary growth potential.
Banks and private funds no longer hesitate to finance massive projects and have come forward as the real partners in developing the country’s cities.
Urban renewal plans aimed at improving old buildings, such as the famous TAMA 38 and PINUY BINUY (evacuation-construction) have been flourishing in all cities and offer an opportunity, both to developers and residents who inherit an otherwise new building.
It is this dynamic that the Jews of the world are trying to capture and understand now. This land upon which “Hashem’s eyes are fixed from the beginning of the year and until the end of the year” has become, over time, a land of opportunities, a unique ecosystem. It’s more than just an investment; it’s a mission. Be part of it!
Visit https://attal-law.com/ to learn more.
