Consider purchase costs, ongoing expenses, tax implications and intended use.
Define how you will use the property
Decide whether the home is mainly for holidays, occasional stays, family use or rental when vacant. The intended use affects location, furnishings, maintenance and the rules you need to check.
Consider how often you will visit, how close you need to be to services and who can help locally if something goes wrong. A convenient location can reduce the complexity of remote ownership.
Calculate the full cost
Include purchase tax according to your circumstances, legal fees, agency commission if payable, financing, currency transfers, furniture, insurance and recurring building charges.
Do not budget only for the purchase price. Repairs, utilities, periodic visits and professional management can add meaningful costs over the year.
Arrange maintenance from abroad
Plan key holding, cleaning, inspections, emergency repairs, utility accounts and building communication. Agree in writing who can authorise work and what spending limit applies.
If you rent the home while away, verify local rules, tax reporting, insurance terms and building restrictions. Rental income is not guaranteed and may not cover all costs.
Check legal and tax matters
Have an independent Israeli lawyer review ownership, registration, permits, contract terms and payment protections. Verify purchase-tax treatment and any reporting obligations relevant to your residency.
Keep documents for purchase costs, improvements, rental income and expenses. Seek individual advice where Israeli and foreign tax obligations may overlap.
Official sources to consult
Rules, rates and data can change. Verify information at the time of your transaction and consult a qualified professional.
Frequently asked questions
Is the tax different for a second home?＋
Purchase-tax treatment may differ from a sole residence and depends on your circumstances. Confirm the current official rules before signing.
Can I rent the property when I am away?＋
Possibly, but check building rules, local requirements, tax reporting, insurance and management costs before relying on rental income.
How can I manage the property from France?＋
Arrange a trusted local contact or professional manager, clear maintenance procedures, expense approvals and regular reporting.