Should I buy or rent a home in Israel?

If you have not spent a lot of time in Israel, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...

"Buying a home in Israel can be a great investment, as the country has a strong economy and real estate market. However, it is important to consider the costs associated with buying a home, such as closing costs, taxes, and maintenance fees. Additionally, it is important to consider the length of time you plan to stay in Israel, as buying a home may not be the best option if you plan to move in the near future. Renting a home in Israel can be a great option for those who are not ready to commit to buying a home, as it allows for more flexibility and can be more cost-effective in the short-term," mentioned another expat when asked about moving to Israel.

Should I buy or rent a home in Israel?

If you live in Israel, newcomers to Israel would love to hear your answer to this question.

About the Author

Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.

Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.