Buying in Tel Aviv with dollars, pounds or euros

Prices in Israel are published and agreed in shekels. On this site we show an approximate figure in dollars and euros next to the shekel price, at the Bank of Israel representative rate. It is a guide only: your bank’s conversion rate will differ.

When your currency gains against the shekel, the same home costs you less without the price moving. The exchange-rate tracker shows what a home costs in your currency today, and a month, three months and a year ago.

The contract sets a payment schedule, usually several payments up to handover. Each payment is converted when it is made, so between signing and the last payment you are exposed to the exchange rate.

Some buyers convert the whole amount at signing, some convert before each payment, and some fix a rate in advance with their bank. Compare the conversion margin of banks and transfer services; it matters more than it looks. This is a financial decision and not our advice; talk to your bank or adviser.

Israel has no foreign exchange controls, and you can transfer funds into the country. Banks check the source of funds under Israel’s anti-money-laundering law, so prepare documents showing where the money comes from, such as a property sale, savings or an inheritance. An international transfer can take several business days, and a late payment can breach the contract.

We do not forecast prices or exchange rates. What you can plan: get a mortgage approval in principle, have the funds and documents ready, and time your visit so you can decide and sign without pressure. Current market data is on our market page.