Foreign Property Ownership - Israel Lands Law (Amendment No. 3)

The amendment, passed in March 2011, prevents any person or party (public or private) from selling land or renting property for a period of over five years or from bequeathing or transferring private ownership rights in Israel to “foreigners”. Under the law, foreigners are any persons who are not residents or citizens of Israel, or Jews, who have the automatic right to immigrate to Israel under the Law of Return (1950).