Buying New Construction in Israel from Manaus
Buying New Construction in Israel from Manaus
In Manaus, new launches have grown in neighbourhoods such as Ponta Negra and Adrianópolis, and many buyers know what it means to pay while a building rises. In Israel, off plan purchases are very common and are governed by a law that requires guarantees for money paid before delivery. For someone thousands of kilometres away in the Amazon, understanding that mechanism and choosing the project well are the pillars of a safe purchase. This guide explains the guarantees the law provides, how to choose the right project, why an independent lawyer is essential, how to plan staged transfers from Amazonas, how to follow the works and what to check at delivery.
Guarantees set out in law
The Israeli Sale Law obliges developers to secure every payment received before delivery, normally with a bank guarantee or an insurance policy. Payments go into a dedicated project account through vouchers issued by the accompanying bank, and a guarantee is then issued to the buyer.
Keep each guarantee safe. It is the document that protects your money if the project fails to deliver.
Choosing the right project
Look beyond the sales brochure. Check the developer's completed buildings, the status of the building permit, the accompanying bank, the planned delivery date and the technical specification. Consider the neighbourhood too, including synagogues, schools and transport, which matter if the family will use the flat.
It is also worth asking how the developer handles customer service after delivery. A company with a dedicated service department and clear procedures for repair requests will make life easier for an owner who lives in the Amazon and cannot drop by the site office.
Completed projects by the same developer
Permit status and zoning plan
Accompanying bank and type of guarantee
Community services in the neighbourhood
Contract and an independent lawyer
Developers often suggest their own lawyer to handle the buyer's side. Always hire your own. An independent Israeli lawyer reviews the contract, negotiates delivery and delay clauses, checks indexation terms and confirms that the payment and guarantee mechanism is correct. The fee is small compared with the protection it provides.
Staged transfers from Amazonas
Each instalment requires a transfer from Brazil through an authorised bank. Currency movements between the real and the shekel, together with indexation, can change the cost of later payments. Plan with your bank and a Brazilian accountant, who will also explain how to record each payment on your annual return while the property is under construction.
Free Zone entrepreneurs should keep personal and company funds clearly separated when paying instalments.
Following the works from afar
Request photos and progress reports at each stage. A local engineer can visit on your behalf at key moments, such as completion of the frame and before delivery. Keep all contracts, vouchers, guarantees and messages in one digital folder shared with your lawyer and accountant.
Time differences mean that updates will often arrive while it is night in Manaus. Agree a fixed weekly or monthly moment for a call, and ask for short written notes after each one so that relatives or partners in the family can follow the project too.
Delivery and inspection
Before accepting the keys, hire an independent engineer to inspect the flat and record every defect. The developer must repair defects within periods set by law, and the report is your evidence. Confirm too that the occupancy certificate exists and that water and electricity are running.
Taxes and registration
Purchase tax in Israel falls due soon after the contract is signed. Formal registration in your name often waits until the building as a whole is registered, and a caution note keeps your rights safe until then. On the Brazilian side, the flat appears on your return according to what you have actually paid. Check the specifics with an Israeli tax advisor and a Brazilian accountant.
Frequently asked questions
Should I use the developer's lawyer
No. Hire your own independent Israeli lawyer to represent your interests.
What protects my payments
The guarantees required by the Sale Law, issued for each payment made through the project account.
Can a local engineer check the works for me
Yes. Many overseas buyers hire one for key stages and for the final inspection.
How do I declare instalments in Brazil
According to the amounts paid. A Brazilian accountant will explain the correct method.
Elkayam Group
Kobi Elkayam Real Estate Ltd, the property company of Elkayam Group, carries a family heritage from the forties into its third generation. At Rival Street 37 in Tel Aviv our core is development itself, next to TAMA 38, pinui-binui and combination deals, all backed by partners and supporting companies, which is why we are able to provide guarantees. In Hebrew, English or French we help buyers in Amazonas read developer contracts alongside their own lawyer.
Considering a new build in Israel from Manaus. Contact us and we will help you review the project.
+972-53-658-4252 · support@kobielkayamrealestateltd.com · Rival St 37, Tel Aviv