Buying off-plan developments properties that are sold before they are completed—offers several potential benefits for investors and buyers.
Properties are often priced lower compared to completed properties and buyers can lock in a price before the market value increases, potentially offering significant capital gains by the time the property is completed.
Capital appreciation can be advantageous as the project progresses, where property values in the area may increase, leading to higher market values by the time the property is ready.
New construction developments typically meet the latest building codes and energy efficiency standards, which can lead to lower maintenance costs and improved comfort.
Longer-term payment plans may be offered in installments throughout the construction process, which can ease the financial burden. The final payment is usually due upon completion, allowing time to save for the last portion of the cost.
If buying as an investor, especially with off-plan properties in growing areas can provide a strong rental yield once completed.
Warranty and Guarantees often come with new builds, which provide buyers with peace of mind regarding any defects or issues that may arise in the early years of ownership.
Some regions offer tax incentives, rebates, or other financial benefits for new developments, especially those under certain conditions (e.g., energy-efficient homes).
Why Buy or Invest in New Real Estate Developments in Israel.
Israel has seen continuous urbanization, with areas like Tel Aviv, Haifa, and Beer Sheva growing rapidly. Investments in these areas can offer opportunities for capital appreciation, as infrastructure, businesses, and amenities continue to improve.
Israel is a key destination for tourism, and real estate in popular tourist areas, such as Jerusalem, Tel Aviv, and the Dead Sea, can provide lucrative opportunities. Vacation rentals and short-term rental properties can be particularly profitable due to the constant flow of international tourists.
Investors in Israel may benefit from favorable tax policies on real estate, such as tax exemptions for certain types of property investments, as well as favorable capital gains tax rates in some cases.
