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Advantages and Disadvantages of an “Acquisition Group”

A few years ago, my client wanted to buy an apartment through an Acquisition Group. However, his attorney dissuaded him from participating. Interestingly, over the past few months a number of my clients joined Acquisition Groups in Modiin and central Jerusalem. What is an Acquisition Group, what are the risks, and when is it worthwhile to join?

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2014-11-12 10:33:18
The Fashionable German Colony

 Bustling Emek Refaim (Photo: CC-BY-SA Avishai Teicher, Wikipedia)

The German Colony is an exciting and upscale Jerusalem neighborhood. It is famous for its main thoroughfare Emek Refaim, which is one of the city’s most popular streets, bustling with activity and boasting cafes, restaurants and trendy boutiques.

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2014-09-12 01:30:26
Inspiration From The Fallen Soldiers

 IDF soldier near Gaza border (Photo: Nati Shohat/Flash90)

Over the past few weeks, Jews throughout the world have joined together in a tremendous display of solidarity to support Israel during Operation Protective Edge.  The outpouring of love and appreciation to our soldiers has been inspiring, and the acts of chesed that this unity has spawned have been nothing short of astounding.

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2014-08-20 16:43:47
Seaside Living

Netanya Beach Netanya Beach (Photo: CC-BY-SA YuvalR, Wikipedia)

Although most of my clients enjoy the hustle and bustle of Jerusalem life, others prefer beautiful views of the Mediterranean Sea, and the slower pace and charm of a coastal town. For many of these clients, Netanya is a good fit.

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2014-06-17 16:55:01
New Country, New Careers

Nathan Zussman of "Interiors" Nathan Zussman, proprietor of "Interiors" (Photo: Gedaliah Borvick)

We are all “works in progress,” hopefully always trying to grow and expand our horizons. Making aliyah is a growth opportunity, affording people the opportunity to explore new career paths in the Holy Land.

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2014-06-02 23:06:21
How are Property Taxes Computed?

In Israel, property taxes are called “arnona,” an ancient Greek word which has been in our lexicon for at least two thousand years (see Tractate Pesachim 6a).

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2014-05-22 13:56:15
Kerry's Apartheid Blunders

US Secretary of State John Kerry recently caused a stir when he cautioned world leaders that if Israel does not make peace soon, it could become an “apartheid state” like pre-1994 South Africa. Even after Kerry quickly backtracked, Jewish leaders were fuming over the connotations of racial segregation and oppression that the comparison engendered.

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2014-05-05 14:10:22
Not All Square Meters Are Created Equal

A few years ago, my client wanted to purchase a 3-bedroom apartment in a new development project. We first viewed a 150 square meter (“sqm”) 3-bedroom unit [1 sqm equals 10.76 square feet] in a brand new complex. We then visited a different project and looked at a 110 sqm 3-bedroom unit, which surprisingly felt just as spacious as the 150 sqm apartment. When we measured both apartments, we confirmed that the two units were almost exactly the same size! What gives?

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2014-04-07 01:14:09
Taxes on Rental Income

My client recently purchased a delightful apartment in Jerusalem to rent out and generate an income stream. At contract signing, he asked us to explain his income tax obligations. At that moment I realized that I should dedicate an article to this topic, as the issue of Israeli tax obligations on rental income applies to many people.

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2014-04-06 20:02:47
The Art of Negotiation

I was surprised to learn that Israeli and American negotiating cultures are actually considered relatively similar, as they both value directness and clarity in business negotiations.

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2014-03-20 16:52:33
Tel Aviv’s Religious Reawakening

 Tel Aviv at Sunset

As Tel Aviv is known for its hip atmosphere and famous 24-hour culture, I never expected the city to become a destination for young religious people. I was wrong.

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2014-03-05 13:53:18
2013 Israel Real Estate Review and 2014 Forecast

New Baka Project. Photo: Gedaliah Borvick

2013 has been a busy year for Israeli residential real estate. Let’s review the past twelve months’ activity and try to identify market trends going forward in 2014.

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2014-02-07 10:19:37
New Taxes on Ghost Apartments

 David's Village in Mamilla (Photo: CC-BY-SA Tewfik, Wikipedia)

In early December, the Knesset Finance Committee approved a new law to double the property taxes on “ghost apartments” or secondary residences that sit vacant for at least nine months a year. 

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2014-01-15 13:14:38
The Forgotten Side of Beit Shemesh

 Ayalon Park in RBS-Aleph. Photo: Gedaliah Borvick

Unless you have been asleep under a rock for the past few years, you are probably aware that a few bad apples whose extremism and intolerance are against everything that Judaism stands for have blemished Bet Shemesh’s reputation. Now that I got that unpleasant part out of the way, let’s discuss what a great town Beit Shemesh really is.

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2014-01-01 12:42:44

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