You bought an apartment in ashkelon and you want to rent it?
Let us manage the property in your best interests.
Depending on the delegation that you want to give us, we can:
- Find a tenant,
- Sign him to an inventory.
- Ensure that the lease be prepared according to your instructions by a lawyer,
- Ensure the inclusion of your tenant in the mayor's office, at the service of ARNONA (residential tax coupled with the perception of water consumption),
- Ensure that your tenant is registered with the trustee of the condominium building for the payment of fees
- Ensure that your tenant is registered with the electricity companies and gas
- Cash-on your behalf rents and pass them to you or deposit them in a bank account in your name in Israel.
Our fees are as follow for such missions:
- Looking for a tenant: 1 month's rent (over 15.50% VAT), (payable at the signing of the lease)
- The management of your property, and according to the scope of the mission: 5% to 10% of annual rent (over 15.50% VAT).
Satisfaction guaranteed, thank you for your confidence...
THE REAL ESTATE INVESTMENT IN ASHKELON
1). ADVANTAGES.
- The property prices in ASHKELON is relatively low compared to prices in the cities of the Israeli Mediterranean coast, which makes it more likely that a trend on the rise in both purchasing and leasing.
If you intend to use the property investment for rental, be aware that:
- Israeli law is more favorable to the tenant than to the landlord.
- The return on investment (approximately 5%) due to rents is one of the more interesting, often better and more secure as a financial investment.
- If you borrow for your purchase, do your calculation so that the deadlines are more or less covered by the rents that you are expecting.
- In ISRAEL, the rental incomes are taxed (finance law of 2006) from 45,960 shekels per year, or 3,830 shekels per month corresponding to approximately 695 euros.
- Beyond annual threshold above, the imposition of the total rental income is 10%.
In any case, you are strongly advised to check the status of legislation with a lawyer specializing in real estate and tax issues for the above situation and the real estate market the day when you decide to invest.
2) THE COSTS OF REAL ESTATE INVESTMENT.
A) TAX ACQUISITION:
- Slices-tax for tourists (one well):
- 0 % Up to 559,350 shekels: 0%
- Between 559,350 and 693,600 shekels: 3.50%
- Over 693,600 shekels: 5%
- Slices-tax for the new immigrant (in the five years following its ALYA):
Until 1046875 shekels: 0%.
Above 1046875 shekels: 5%.
- If you make your aliyah up to a year after purchasing an apartment in Israel, you can get retroactive benefits above.
- For land acquisition tax is 5%.
- For retailers (store or office) acquisition tax is 3.50%.
B) THE FEES:
- For your real estate agent at the time of signing the agreement of sale: 2% of the purchase price (plus 15.50% VAT).
CAUTION: always refuse to revisit with a real estate agent an apartment you already visited with another real estate agent, you may have to pay fees twice (both real estate agents). This is not meaning that you cannot work with two real estate agents who are joining to find your property and will share the fees that you paid to one of them.
- For your lawyer in Israel which acts as a notary (he will defend your interests): from 0.50% to 2% of the purchase price (plus 15.50% VAT) to negotiate with the lawyer before signing any contract.
Never take the same lawyer that the other party (the seller) is a rule based on the experience.
If you do not have quite the practice of Hebrew, opt for a English-speaking lawyer who can provide you a certified translation of the sales contract.
- For a new building, you will also have to pay the lawyer of manufacturer: 1% to 2% of the purchase price (plus 15.50% VAT).
- Miscellaneous: for a new building, check before signing the purchase, the connections to make their cost.
Be careful to be successful in your investment ...