Mechir Lamishtaken Explained

Also known as the Buyer Fixed Plan, this initiative from the State of helps facilitate the buying of a first apartment with preferential terms, including at less than the market price.

A Special Report From

ISRAEL'S MOST TRUSTED CURRENCY EXCHANGE EXPERTS

isratransfer.com THE MECHIR LAMISHTAKEN PROGRAM IS DESIGNED FOR THE FOLLOWING CATEGORIES OF FAMILIES:

Married or common-law couples

Individuals over 35-years of age

Single parents with at least one single child under the age of 21 who lives with the parent**

Permanently disabled individuals age 21+ who are confined to a wheel chair and approved by the Ministry of Health**

**Special considerations apply AND IS INTENDED FOR ALL THOSE "LACKING HOUSING" DEFINED AS SOMEONE WHO:

Does not hold rights to an apartment under construction

Has not rented an apartment that is under the Tenant Protection Law (key money) for the past six years

Has not owned an apartment or part of an apartment for the past six years

Is not an heir to housing units on estates, farming communities or community settlements HOW IT WORKS

The Israel Land Authority and Ministry of Construction and Housing markets new housing projects to developers for bids

Apartment plans and pricing are submitted and approved by the Ministry of Construction and Housing

Deadlines for project applications are published by the developers and construction companies

Online registration for each project is opened for a period of 28 days on the Government's website

NEXT UP AND FINALLY

The lucky winners are alerted

Winners are chosen via a computerized lottery Appointments are conducted by the scheduled and Ministry of Construction apartments selected and Housing

Contracts are signed Mazal tov! A "local resident" is defined as someone who has lived within the jurisdiction of the Location, Regional Authority for the last Location, Location ye3ars Benefits for Local Residents - OR- If you are interested in buying an apartment in your current locality, and have lived there for the past few years, you may be given a priority in o4ut of purchasing a home in that area. the last

y1e0ars from where the project will be built LIVING ON THE EDGE YOUR WISH IS GOVERNMENT THE GOVERNMENT ALSO ENCOURAGES RESIDENCE IN GRANTED! THE PERIPHERY REGIONS 60,000 NIS

Awarded to those As an incentive, to those buying in: grants will be awarded Dimona, Ofakim, to those purchasing Haglilit, homes in those areas Yeruham, Migdal Haemek, Maalot, Tarshiha, Mitzpe Ramon, , Nazareth Illit, Netivot, Arad, Grant amounts are , and determined based on Sderot property value without development costs & 40,000 NIS

Awarded to those to Grants are awarded by those buying in: Eilat, Ashkelon, the banks after signing Harish, , and the contract and Rikus obtaining a mortgage

Subject to change. Source: hon.co.il NOT ALL HOMES ARE CREATED EQUAL...OR ARE THEY? Actually, when it comes to Mechir Lamishtaken all new apartments must include:

FLOOR AND WALL TILES Your choice between:

different types

and at least HOUSE OF PANE different styles

Double glazed windows: aluminum double windows A minimal entrance Aluminum windows with built-in frameworks for lobby to the screens building

Window blinds in all openings except for the kitchen and bathrooms

A utility space in apartments of 3+ rooms YOU CAN COUNT ON IT Size of kitchen counters included in apartments with 3+ rooms:

meters

Made from either marble or Caesarstone and in a choice of at least three colors

Number of electric outlets in the kitchen:

phase electric current supply in apartments with three rooms or more NO FLIPPING OUT!

The minimum number of years you must wait to sell a home purchased through Mechir Lemishtaken are either:

While Machir Lemishtaken may seem like a great deal, it isn't intended to turn a quick profit

from the time of receiving permission to build (טופס 4) OR... from the day you in the lottery! ABOUT ISRATRANSFER LTD.

Israel's Most Trusted Currency Exchange Experts

Since 2008, and with over 6 billion shekels exchanged, IsraTransfer has helped thousands of clients save money on their international currency transfers to help pay for property purchases, fund business operating costs, pay for living expenses and more.

Fully licensed and regulated by the Israel Ministry of Finance, IsraTransfer also serves as the exclusive operator of the AACI Currency Exchange Program.

To learn more about IsraTransfer, visit us online now at isratransfer.com. [email protected] www.isratransfer.com

Israel: 074-701-8887 US: 212-444-9054

UK: 020-8819-9839 Canada: 647-724-4152

Exclusive Operators of the AACI Currency Exchange Program Licensed by the Israel Ministry of Finance, Currency Service Provider Unit, License Number 514135235