A controlled purchase mechanism
In recent years there has been an increase in demand for real estate transactions abroad.
Despite this, it is important to remember that there is a dangerous phenomenon of unsupervised property purchases.
We present to you insights developed together with Avraham Lalum & Co.
What is a controlled purchase?
Invest with confidence in the marketed projects since the funds are transferred according to the pace of construction progress. At the time of joining you will be required to transfer an advance in the amount of 10% only and the rest of the payments will be paid according to the pace of construction progress, with the last payment close to the date of handing over the apartment.
It is important to note that registering your rights to the apartment in a regulated manner in the local register of rights (the taboo) prevents transactions and/or double registration and increases the security of your investment.
The mechanism includes secure transfer of funds through triple authentication. First, a recognized construction inspection company confirms the legality of the construction, its quality and compliance with the defined times. Second, the payments are transferred directly to an escrow account through a recognized international money transfer company and subject to its approval. Finally, The leading law firm Avraham Lelom & Co. gives the final seal of approval.
Stay in control with regular updates on the progress of the project. In addition, you can surf at any time and from anywhere in the world to the live cameras that are placed in each project (LIVE) and guarantee maximum transparency. In addition, inspection reports from the inspection company will be provided from time to time and will provide full transparency and full updates. It is important to note that The supervising company regularly performs quality control tests and requires the necessary repairs from the developer and/or the contractor.
Receive your furnished and equipped apartment according to the predetermined timeline.
Interested in selling or need help looking for tenants? The local management companies we work with will assist you in recruiting tenants to rent your apartment short-term or long-term - according to your preference. You can be calm and peaceful with full insurance coverage with the management company that guarantees quality services and compensation in the event of a malfunction or damage.
questions and answers
Our experience shows that delays in real estate projects may happen for various reasons, therefore the purchase agreement includes a compensation mechanism for the buyers according to the period of the delay and/or the delay in the delivery of the apartment. The compensation mechanism is determined in advance and outlines the conduct of the parties in such a case, and is intended to ensure the completion of the project until the keys are handed over to the buyers . In addition, at the time of the purchase, a notarial power of attorney was signed in favor of the law firm Avraham Lalom & Co. which in certain extreme cases will be able to function as the trustee of the project and will assist in the completion of the project.
All real estate purchase transactions in the projects marketed by the G-International company are carried out by one law firm - Avraham Lalum & Co. (Kiev branch), which has extensive experience in the real estate industry and real estate investments abroad in particular. In accordance with Ukrainian law, a warning note will be registered on the buyer's name, thus we promise to prevent conflicting/duplicate transactions.
Similar to Israel, Ukraine encourages investors to enter the country. The law in Ukraine was recently updated and now it allows the registration of owners of rights and assets from the phase of finishing the project skeleton and building the apartment shell. Thanks to the supervised purchase mechanism that regulates the purchase conditions and provides adequate security for the purchasing public.
All projects marketed by G-International (hereinafter: "the company") are accompanied by an internationally renowned inspection company to check the correctness of the construction permit, monitor the pace and quality of construction, as well as ensure compliance with planning requirements. The inspection company confirms the completion of the construction phases , and is another factor that confirms the continuation of the transfer of payments only in accordance with the progress of the construction against the original plan. In addition, in addition to regular updates that our company provides on the site, which includes photos and videos about the construction, LIVE cameras will be made available to the public that broadcast directly from the construction sites. This way you will know at any moment and from any place in the world what is the progress status of the project.
When signing the joining form, the buyer is required to pay an advance of only 10% of the total transaction price. After that, the remaining payment for the transaction, about 90% of the total value of the transaction, is paid according to the construction progress rate of the developer and the executing contractor. The final payment balance for the transaction is transferred close to the time of handing over the keys to a furnished and equipped apartment. Payments are made by a company coversy (covercy), which is one of the most prominent and reliable money transfer companies in the field.
Fund transfers within the projects are carried out through an escrow account and/or by recognized money transfer companies (for example, Coversi), after the approval of the supervising company and an internal audit on behalf of the developer. Also, in some projects, additional approval is carried out by an external accounting firm (for example, BDO ).
At any stage, whether the project is completed, in the process of construction or even nearing completion - we will be happy to assist and accompany you in the process of selling the apartment (Flip transactions) during which you are expected to benefit from the increase in the value of the property.
Our company has a large client pool of real estate buyers and investors that we would be happy to connect with you to promote the sale.
As part of the general cooperation between Israel and Ukraine, a number of treaties and agreements were signed with the aim of creating favorable conditions for investments.
Israel signed a treaty to prevent double taxation with Ukraine, and the two countries signed an agreement for mutual promotion and protection of investments. We recommend that you consult with a certified tax advisor for certainty in tax matters. The tax is determined by the local authorities and may change.
Supervised transaction
A supervised transaction through the mechanism is intended to be implemented
Principles of Israeli and European law in purchasing
property abroad and to provide the investor's funds with adequate security.
Buying real estate abroad has become more and more common in recent years, for this reason Israelis, including investors from all over the world, seek to spread risks in their investment, at the same time as taking advantage of investment opportunities in overseas countries. Investors have the option of finding investment properties themselves and purchasing them themselves, but this type of investment has many risks due to the lack of knowledge and bureaucratic barriers in those countries, and this is where attorneys and international offices with experience in overseas transactions come in. Housing prices in Israel have been on the rise in recent years, uncertainty And the conduct of the state led Israelis to invest in real estate overseas. Investing in countries overseas may be dangerous without the guidance of professionals who know the field and the relevant country well.
