12 min read
Step-by-step guide for first-time buyers in Israel — from budget to keys.
Buying your first apartment in Israel is a milestone that requires careful preparation. This guide walks you through every step of the process.
Setting Your Budget
Start by calculating your total budget: savings, family help, and mortgage capacity. Most banks require a minimum 25% down payment for first-time buyers.
Don't forget additional costs: purchase tax (mas rechisha), lawyer fees (1-1.5%), agent commission (2%+VAT), and moving expenses.