FAQ
What Is an Oleh Chadash (New Immigrant) and How Does It Affect Buying Property?
An Oleh Chadash (Χ’ΧΧΧ ΧΧΧ©) is a new immigrant to Israel under the Law of Return, granted formal Oleh status by the Ministry of Aliyah and Integration. This status unlocks meaningful benefits when buying property, on top of the standard rights available to any resident or foreign buyer.
Most notably, a new Oleh pays a reduced Mas Rechisha rate β 0.5% up to 1,994,175 ILS and 1% above that β dramatically lower than the 8β10% a foreign buyer pays on the same property. This reduced rate applies only to the first property purchased within a defined window after Aliyah.
Why it matters for a buyer: if you're planning to make Aliyah and buy property, the sequencing matters enormously β purchasing before your Oleh status is finalized means paying foreign-buyer rates instead. Talk to your lawyer or accountant about timing before you sign anything.
Source: Law of Return 5710-1950; Land Taxation Law (Appreciation and Acquisition) 5723-1963
Reviewed by the FindBayit team of licensed Israeli real estate specialists. Verify broker licenses at metavechim.justice.gov.il (Ministry of Justice).
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