A Guide for International Buyers
Almost all of it can be done at distance. The part that cannot is the part worth knowing about.
Most guides on this subject are written by agencies who want you to feel that distance is not a problem. Distance is not the problem. Representation is. An Israeli property transaction can be executed in full while you sit in London, New York or Melbourne — the legal machinery for it is ordinary and well worn. What determines the outcome is who is standing in the room in your place, and who is paying them.
This is written by a buyer's agent. We take no developer commission on the new-build side, so what follows includes the parts an agency paid by the seller has no reason to tell you.
First, the honest part
Every other guide puts this at the bottom. It belongs at the top, because if any of these is disqualifying for you, nothing further on this page matters.
The power of attorney that makes everything else possible has to be signed before a notary who verifies your identity, and in most jurisdictions certified with an apostille afterwards. Nothing about that is remote. It is a morning, in your own city — not a flight.
Video is far better than people expect. It does not transmit ceiling height as the body registers it, or how loud the street is at eleven at night, or the light in a north-facing living room in January. Some buyers need that and should have it. For an off-plan apartment, there is nothing to stand in anyway.
We can film a street on a Friday afternoon and again on a Tuesday morning, and we do. It is not the same as walking it. This is the strongest argument for a trip — not to view apartments, but to choose an area. The two are different tasks, best done at different times.
The committee, the neighbours, the tone of the place. An agent can gather this and report it. An agent cannot give you the feel of it.
Everything else — search, assessment, negotiation, contract, signature, payment, construction oversight, snagging, registration — is done for you, and is done in your absence every day of the week.
The Structural Problem
An Israeli property transaction typically has four professionals in it. It is worth knowing who each works for, because the answer surprises most foreign buyers.
Engaged and paid by the developer or the seller. Not dishonest — simply not yours.
In a new-build purchase, very often the developer's lawyer. Buyers routinely believe this person acts for them because they were handed a contract by them. They do not.
In Hebrew, drafted comprehensively in the developer's favour. The annexed technical specification — the mifrat — is the document that binds, not the brochure and not the show apartment.
Arrives into this alone, frequently in a second language, and signs.
A buyer sitting in Tel Aviv faces exactly this. A buyer sitting in London faces the same thing with less information. Distance does not create the asymmetry; it widens it.
Power of Attorney
A notarial power of attorney authorises a named person — properly, your own lawyer — to act for you in a defined transaction: to sign the purchase agreement, lodge the warning note, deal with the banks and the tax authority, and register the property in your name. It is the standard mechanism. It is not a workaround.
Signed before a notary in your country of residence, apostilled under the Hague Convention, then translated into Hebrew by a certified translator. Some buyers prefer to sign at an Israeli consulate, which removes the apostille step where the service is offered. Either route works — but the wording must be right before you go, because a defective power of attorney discovered in Israel means the whole cycle again from your side of the world.
Narrowly. Ours is limited to one named transaction, to specified acts, for a defined period, with a ceiling on the price that may be committed and a requirement for your written approval before the contract itself is signed. It permits the purchase to complete. It permits nothing else, and it expires.
The trap
Developers and sellers' lawyers routinely offer a power of attorney of their own drafting, described as a formality to keep the file moving. It is not a formality. These instruments are drawn for the convenience of the party offering them and are frequently broader than the buyer understands — including, in some forms, the ability to deal with the property after registration. We decline them as a matter of course, and you should decline them whoever is representing you.
The simple test: read the scope clause. If you cannot state in one sentence what the document permits and when it stops permitting it, do not sign it.
Where the Money Sits
This is the section most remote-buying guides get wrong, because they describe a resale purchase and leave the buyer to assume off-plan works the same way. It does not.
In a resale
Funds typically move through a lawyer's client account, released against conditions and against registration steps. Israeli lawyers are subject to strict client-account rules. Handled by a lawyer of your own choosing, this is well established and safe.
In an off-plan purchase
The law requires the developer to secure your payments — but that security attaches to money paid into the project's accompanying-bank account, against the correct voucher (shovar), and to nothing else. Paid anywhere else, it may sit outside the guarantee entirely.
The rule, without qualification
Every payment goes to the accompanying account, against a voucher, checked before it is sent. Never on a verbal instruction. Never on a revised set of bank details arriving by email — that particular fraud is common enough in international property that it deserves naming.
Israeli banks receiving substantial sums from abroad require documented source of funds and will hold the money until satisfied. A file prepared in advance clears; a file assembled in a hurry sits in compliance while a milestone payment falls due.
Across a staged payment schedule, conversion is a real cost that rewards being structured deliberately rather than accepted at whatever the transferring bank quotes on the day.
Seeing It Properly
Virtual tours are table stakes and largely useless on their own. They are produced to sell. What a remote buyer needs is someone attending in order to find the problem, not to present the property.
We go as your representative and say so. The actual floor and aspect where these are reachable, the sun at the hour we are standing there, the noise, the approach from the street, the school run in real traffic, and the plot opposite — then the planning file behind it, because the render will never show you the building that goes up in front of your view.
A scheduled video call at an hour that works in your timezone, with you asking and us pointing. Any room again, from any angle, for as long as you want. Recorded, so you can watch it a third time with your spouse at the weekend.
There is nothing to view. The assessment is documentary: the developer's delivery record, the accompanying bank and what that choice signals, the planning file for surrounding plots, the floor-by-floor pricing and whether the premium asked for a view is a premium for a view that survives. Done exactly as well from a desk, whether or not you are in the country.
An independent surveyor or engineer where a building warrants it — instructed by you, reporting to you, not to us.
Financing
Israeli banks lend to non-residents, and do so routinely. The terms differ from those offered to residents — typically a lower loan-to-value and more documentation — and approval takes longer for a file coming from overseas than for one walked into a branch.
Three practical points. Begin the mortgage conversation before you find the property, because a contract with a payment date does not wait for underwriting. Expect to produce income evidence, statements and identification certified to a standard your own bank at home may find excessive. And where the property is off-plan, the drawdown schedule has to be reconciled with the developer's milestone schedule — a piece of coordination that falls to somebody, and should not fall to you.
Whether an Israeli bank account is required at all depends on how you are buying and who is lending. Where it is, the introduction is arranged as part of the file.
Tax, and Timing
Purchase tax (mas rechisha) is declared within a statutory window from signature, and the rate depends on your circumstances — including whether you already own residential property in Israel, and whether the reduced rate available to olim applies to you.
That last point is worth more to some families than any discount negotiable on the price.
The oleh rate is tied to a defined window around your aliyah, and buying too early or too late relative to that window can put you outside it. If aliyah is anywhere in your plans, the purchase timing and the aliyah timing should be decided together, at the beginning, before an offer is made — not discovered afterwards by an accountant.
We hold this conversation before you sign, alongside our sister office, which has been handling the aliyah process itself for years. It is the most common piece of avoidable expense we see in remote purchases.
The Long Tail
A remote purchase is not finished at signature. Off-plan, it is barely started — three or four years of custody follow, and this is where remote buyers are most often quietly abandoned by whoever arranged the sale.
Reported against the contractual programme, with photographs, so that "on schedule" is something you can see.
A demand arriving is not the same as a stage being complete.
Delay is normal here. Compensation is contractual, which means the provisions have to be improved before signature and the record kept as it happens, not reconstructed afterwards from memory.
Mesira with an independent inspector (bodek bayit), the defect schedule served within the contractual window and pursued to completion.
The warning note (he'arat azhara) at the outset; full registration at Tabu, the Israel Land Authority or the company registrar once parcellation is complete — which can be years after you have the keys, and which somebody has to pursue.
Utilities, arnona, the building committee, insurance, and where you are not moving in yet, letting and management. A home standing empty on the other side of the world needs a local telephone number attached to it.
Against Our Own Interest
We are a buyer's agent, not a technology company, and we have no interest in insisting that everything can be done by video.
Come, if you have not settled on an area. Choosing the neighbourhood is the decision hardest to reverse and hardest to make from photographs. It is worth a trip on its own — with no viewings booked, which is the opposite of how most people plan it.
Come, if the property is old, unusual or in poor condition. Documentation is thinner, surprises likelier, and a survey cannot tell you everything a person standing there would notice.
Come, if you know you will not be at peace otherwise. That is a legitimate reason and we have never argued with it.
Do not come merely because you feel you should be present to sign. That is the one part of this transaction that genuinely does not require you.
Questions
Yes. With a properly drafted notarial power of attorney in place, every in-person step — viewings, negotiation, contract signature, payments, handover inspection and registration — is carried out on your behalf. A great many buyers see their apartment for the first time on the day they take the keys.
No. Foreign nationals may acquire residential property in Israel. Restrictions exist for certain categories of land, but ordinary apartments are open to international buyers. Your status affects your tax position and your borrowing, not your right to buy.
The power of attorney, before a notary in your own country, with an apostille where required and a certified Hebrew translation. Some banks additionally require documents signed by you directly; where that applies, we build consular or courier signature into the timetable in advance.
An open-ended one is. A properly limited one is not. Ours names the transaction, specifies the permitted acts, caps the price that may be committed, expires, and requires your written approval before the contract is signed. We do not accept powers of attorney drafted by the seller's or developer's lawyer.
In an off-plan purchase, into the project's accompanying-bank account against the correct voucher — which is the condition of the statutory guarantee. In a resale, into a regulated lawyer's trust account, released against conditions. Payments made anywhere else may carry no protection at all, which is why every payment is verified before it is sent.
Yes. Terms for non-residents differ from those for residents, and the process takes longer for an overseas file. Start it before you find the property rather than after.
The transaction costs are the same. You will add notarial and apostille fees and the cost of a certified translation, and you should expect to pay a buyer's representation fee — which is the reason the advice you receive is worth having, since we take no commission from the other side.
Signature to keys depends entirely on what you are buying: a completed apartment is a matter of weeks once terms are agreed; an off-plan purchase is three to four years to delivery and often longer to registration. The one variable specific to remote buyers is how quickly the power of attorney is executed and returned — usually a fortnight, occasionally longer where consular appointments are scarce.
No. The conversation is held in English. The documents are read, drafted and argued in Hebrew by the same office — which is the point. Nothing is lost in the handover between the two, because there is no handover.
In Confidence
Tell us what you are considering and where you are considering it from. We will tell you what can be done at distance, what genuinely warrants a trip, and how a purchase would run from where you are sitting. If the honest answer is that you should wait until you are in the country, that is what we will say.
Written enquiries are read personally and answered within one working day.
Altitude Privé is a buyer’s agent for purchasers of new and off-plan residential property across Israel. Licensed brokerage, licence no. 326165. Correspondence is welcomed in confidence.
A quiet conversation, at the time and place that suits you. We come to you where we can.