Everything in one view
Add each property with contract details, purchase amount, and payment schedule. Every milestone, recipient, and due date - all in one place.
Israel Property Payment Hub
Track every payment when buying property in Israel
app.adesco.co.il
Sound familiar?
Your lawyer sends a payment schedule - 14 lines, in Hebrew, with amounts that change every month because of the Madad. You copy it into a spreadsheet. You set calendar reminders. Three months later, you can’t remember if the third milestone was paid.
This is the natural result of a complicated process that was never designed for people managing it from abroad, in a different currency, across a different time zone.
The Payment Hub is built for exactly this.
What the hub does
One place for every payment
Madad adjustments, built in
When the index updates, adjust the payment amount in the hub. No recalculating from scratch. Your schedule stays current.
Clear status for every payment
Every payment has a clear status. The hub flags anything coming due or overdue. Know where things stand without chasing your lawyer.
Transfer payments in one click
When a payment is due, initiate the wire through Adesco. Same-day processing via Zahav. No separate login or re-entering details.
Reminders before due dates
The hub sends email reminders before payments come due. You always know what is coming next. Nothing catches you off guard.
Export to Excel or PDF
Share your full payment schedule with your accountant, lawyer, or tax advisor at any time. The full record is always ready.
Simple setup
Getting started takes minutes
1
Open your Adesco account
Setup is quick and fully digital. Adesco is licensed by the Israel Capital Market Authority (License 57103).
2
Add your property
Enter your contract details, purchase price, and payment schedule. Upload your contract to keep everything in one place.
3
Track and transfer
Every payment is visible. Every milestone is logged. When a payment is due, initiate the wire directly from the hub.
Built on trust
Who is Adesco?
Adesco is a licensed Israeli currency exchange company helping foreign buyers from the US, UK, Canada, and across Europe move money into Israel safely, on time, with rates that can save up to 4,000 NIS per $100,000 compared to what a bank would charge.
- Licensed by the Israel Capital Market, Insurance, and Savings Authority. License 57103.
- Client funds held in segregated trust accounts at major Israeli banks. Never mixed with Adesco’s operating funds. Never invested or lent.
- Same-day transfers via Zahav. Banks typically take three to seven business days.
- Savings of up to 4,000 NIS per $100,000 transferred compared to bank rates.
“We recently needed to transfer money to Israel to purchase an apartment. Adesco and Jay Jacobs made the process very convenient. We had several transactions including payments directly to the seller and to our Israeli bank. Everything went very smoothly and Jay was very responsive to our requests. We plan to use Adesco in the future. We highly recommend them!”
Set up your Payment Hub in 5 minutes
Your next payment deadline doesn’t wait. Get your full schedule in one place before the next Madad update.
Get StartedHow much does it really cost to buy property in Israel?
Use the Israel Property Cost Calculator to see the full cost - purchase tax, lawyer fees, agent commission, and currency transfer savings. The Payment Hub is where you manage paying for it all, milestone by milestone.
What does an Israeli property payment plan actually involve?
When you purchase property in Israel, the purchase price is paid in stages rather than in a single lump sum. A typical payment structure includes the following:
Typical payment stages
- An initial deposit at signing
- Developer milestone payments tied to specific construction progress stages
- Purchase tax (Mas Rechisha), paid directly to the Israeli Tax Authority
- Legal fees paid to your Israeli real estate lawyer
- Municipal fees, including Arnona (municipal tax) and registration charges
- A final payment at handover or completion
Why international buyers face extra complexity
For new construction, most milestone payments are made through Shovarim, which are construction vouchers that route funds directly to the developer’s designated account. Tax payments and municipal fees go through separate Israeli government systems.
For buyers transferring money from abroad, each of these payments is a separate international wire, a separate currency conversion, and a separate coordination exercise with your bank, your lawyer, and the Israeli financial system. Each one has a deadline. Missing one is not a minor inconvenience.
Glossary
Key terms every foreign buyer should know
- Shovar Shovarim (plural)
- A construction voucher used in Israeli real estate to pay a developer during active construction. Rather than a direct bank transfer, the buyer’s funds are routed through a voucher system that the developer can draw on at each milestone. Shovarim are the standard payment method for new construction in Israel. Adesco handles Shovar payments digitally on behalf of clients.
- Madad Construction Cost Index
- Israel’s Construction Cost Index, published monthly by the Central Bureau of Statistics. It tracks the cost of construction materials and labor across Israel. When a purchase contract is linked to the Madad, as most new construction contracts are, each staged payment is recalculated based on the current index value. The amount you owe changes every month. The Payment Hub lets you update amounts when the index changes so your schedule stays accurate.
- Zahav Real-Time Gross Settlement
- Israel’s real-time gross settlement transfer system. It is the standard method for same-day bank-to-bank transfers within Israel. When Adesco processes a payment on your behalf, it is sent via Zahav, meaning funds arrive the same day rather than waiting three to seven business days for a standard international wire to clear.
- Mas Rechisha Purchase Tax
- Israel’s property purchase tax, paid directly to the Israeli Tax Authority at or near the time of signing. The amount is calculated as a percentage of the purchase price and varies depending on the buyer’s residency status and whether they already own property in Israel. It is one of the larger upfront costs in any Israeli property transaction.
- Arnona Municipal Property Tax
- Israel’s municipal property tax, charged by local authorities. When a property changes hands, there are typically registration and municipal transfer fees associated with the Arnona record. Your lawyer usually coordinates these payments as part of the transaction.
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Common questions
Israel Property Payment Hub - FAQ
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