Its important to understand some basic terminology when dealing with real estate in Israel.

METAVECH is a REAL ESTATE AGENT OR BROKER,

BILADIUT means EXCLUSIVITY

TABU means LAND REGISTRY OFFICE (REGISTRATION)

MAS RECHISHA means PURCHASE TAX

MAS MECHIRA means SALES TAX

VA'AD BAIYIT means HOUSE COMMITEE (MONTHLY PAYMENTS)

HEITAL HASHBACHA means CAPITAL GAINS TAX

ARNONA means CITY TAXES

MINHAL MIKARKA'EI ISRAEL means ISRAEL LAND AUTHORITY

I am  also including some very useful and interesting links that includes some of the terminology from above that will help you to understand more about Israel real estate.

A Guide to a Purchaser of a Residential Dwelling - Purchase tax - Published by the Sector of Guidelines and Service Improvement at the Income Tax and Real Property Tax Commissioner:

http://www.mof.gov.il/itc/purchase_tax.htm


What you should know about ownership of real estate in Israel. By: Debbie Rosen- Solow:

http://www.rosensolowlaw.com/articles/What%20You%20Should%20Know%20About%20home%20Ownership%20In%20Israel%20(7.2.2007).pdf


Have a good day,

Michael Bloom