RESOURCES
Buying on Paper in Israel
Demand for quality second-hand housing surpasses supply.
Therefore, we often guide clients to purchase not-yet-built apartments, which is known as buying “on paper” or “off plan.”
This resource page is designed to walk you through each step, ensuring you have the knowledge needed to make informed decisions when buying on paper.
Benefits
Less compromise. More customization.
Many of our clients often elect to buy on paper for the following reasons:
1) You can customize and design the unit to fit your particular needs and tastes.
2) You have more options, such as choosing what floor to live on and which direction you want your apartment to face.
3) You can spread your payments over a few years, which works particularly well if you’re planning to make aliyah. Keep in mind that all unpaid portions of the purchase price are usually subject to the building construction index.
4) Because demand exceeds supply, there are not enough existing homes for sale to satisfy the voracious market appetite
How it works
Buying on paper in the right project with a strong developer can be an excellent home-purchasing opportunity.
With their excellent market knowledge, Gedaliah and Eliezer did a remarkable job educating us about the Jerusalem real estate market. We always felt that they had our best interests in mind, were not insistent, and did everything with the highest standards of professionalism. We felt that we were in good hands, and we would highly recommend their services to others.
-Tammy and Robert Koppel
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