Price of the apartment in New Shekels or any other currency
- Buying an apartment in Israel
- Contract Structure
The price of the apartment, the monetary consideration that the buyer pays to the seller in exchange for the seller’s rights in the apartment, will be used for various uses.
The price of the apartment should be indicated in both digits and words, to avoid mistakes.
You must also add the currency in which the payments are to be made – in new shekels, in US dollars or in any other currency.
By law, you can pay in any currency agreed upon by the parties, as opposed to buying an apartment from a contractor which includes a provision that the payment for an apartment can only be paid in Israeli currency New Israeli Shekels.
It is worth noting that unless otherwise agreed, the payments will be paid at their nominal value without being linked to one index or another.