Shalom Olim Chadashim!
When taking that big step and moving to Israel, some people have already sought out their desired neighborhood and home, while others like to dip their toes in the water to see where they find their niche in the new country. Either way, when Olim make Aliyah, they are rewarded with all sorts of benefits and discounts to help make some things a bit easier. Part of these benefits include discounts on certain fees when it comes to buying a home in Israel:
- Arnona discount – New residents are given a generous discount of between 70-90% off Arnona (yearly property tax) for use within 1-2 years after Aliyah for a 12-month period. Residents can receive this discount whether they are renting a property in Israel or if they own.
- Mortgage Discount – New residents are quoted with relatively lower interest rates when it comes to setting up their mortgage payments. This can be used up to 15 years after they have made Aliyah.
- Purchase Tax – New residents may also receive benefits in the form of purchase tax brackets when purchasing their apartment in Israel.
With all this being said, in order to proceed with Mortgage discounts/ Arnona discounts etc, you need to find that apartment to buy (or rent) in Israel. Here at Alon Central we are at your service to help you find the apartment that is most suitable for you, and of course we are well versed and aware of all the discounts and benefits new Olim receive.
Contact us today to find that apartment to make your home in this new country 🙂