Likud Sells Party Properties at Large Discounts to Insiders Amid Financial Struggles

Over the past five years, the ruling Likud party has sold eight of its 37 properties, with four transactions involving party insiders such as central committee members, close associates, or their families. These sales, approved by the party's CEO, have included significant discounts below market value. Currently, David Sharan serves as acting CEO, having replaced Tzuri Siso in October 2025. The party's real estate holdings, managed mostly through the private company Tal Hee Fund, have shrunk from 37 properties in 2020 to 26 today, partly due to sales, lease expirations, and expropriations.

The Tal Hee Fund, established in 1951 as a successor to a historic Revisionist Zionist fund, carries debts of approximately 115 million shekels to Likud, which itself owes about 16 million shekels to the Knesset. To address financial difficulties, Likud launched a recovery plan that included selling properties such as a Jaffa apartment, branches in Hatzor HaGlilit, Sderot, Bnei Brak, two stores in Holon, an office in Haifa, and a commercial property in Tirat Carmel. Another property is currently pending sale.

Investigations revealed that some sales were conducted with substantial discounts and sometimes advertised only within Likud WhatsApp groups, raising concerns about preferential treatment. For example, the Bnei Brak branch, sold in January 2026 for about 1.7 million shekels to a group including Tzvi Fishbach, a dominant local party figure, and attorney Dovi Shratzer, was reportedly sold at a discount of several hundred thousand shekels. The sale shifted local power dynamics within the party branch.

Similarly, a Jaffa residential apartment was sold in October 2025 to a Likud central committee member and his family at a price tens of percent below market value, despite being reported as an office property for tax purposes. Other properties, such as the Tirat Carmel branch, were sold to families with longstanding Likud ties. Discrepancies were found between Likud’s financial reports and official property records regarding property sizes and classifications.

Four other properties were sold at market prices to non-affiliated buyers, including a Haifa branch sold in 2022 after a competitive process. Likud is currently working to sell another property in Migdal HaEmek, which will leave the party with 25 properties. Likud officials denied knowledge of some buyers’ involvement and claimed sales were conducted openly. The State Comptroller’s Office is currently auditing the 2025 faction accounts, including Likud’s property income and expenses.