Israel Real Estate: An Introduction to Purchasing New Construction in Israel

This episode kicks off the second season of On The House with a deep dive into purchasing new construction or 'off-plan' in Israel. Special guest Ellie Gertel, a Boston-born entrepreneur and founder of the Barav Real Estate Development company, shares his journey into the real estate industry in Israel, his company's approach to development, and his insights on buying off-plan. This episode covers the role of the developer and the contractor, the benefits of new construction, payment terms, the significance of the madad (inflation index), and security measures to protect buyers. It also addresses potential risks, including developer bankruptcy or delayed projects, and offers advice on financing and choosing the right developer and contractor. The discussion touches on the broader context of increased interest in Israeli real estate from Jews worldwide amidst rising anti-Semitism globally. Gertel reflects on the emotional and historical appeal of owning property in Israel and the unique aspects of the Israeli real estate market. Looking to buy property in Israel? Discover a wide range of projects across the country at Buyitinisrael.com. Stay updated on the Israeli real estate market with the latest market news, expert guidance, and valuable insights to help you navigate your real estate journey. Have questions, comments, or need assistance finding your home in Israel? Reach out to us at [email protected]. We're here to help!   The information provided in this podcast is for general informational purposes only and should not be considered legal, financial, or professional advice for any specific transaction. Listeners are encouraged to seek guidance from qualified professionals before making any decisions or entering into transactions based on the content discussed.