Free Live Session Explains How to Approach Discounted Housing Lotteries

A free live webinar will be held tonight, June 15, at 8:30 p.m. for people entering Israel’s “Dira Behanacha” discounted housing lotteries, including reservists who have already signed up in hopes of winning an apartment, possibly with a discount of nearly NIS 1 million.

The session will feature developer Dvir Dimri and real estate appraiser Naor Gelberg. They will explain how the current wave of lotteries works, how priority is determined, how many cities participants can enter, how to choose the right developer, and how to make sure a winning entry is financially realistic and can actually be completed.

The webinar will be split into two parts, practical and strategic. On the practical side, they will review how many lotteries are currently open, which locations may be worth entering, how to calculate the true cost of an apartment, how much equity buyers need from their own funds, and what has recently changed in mortgage terms.

On the strategic side, they will focus on how to improve the chances of winning without entering unsuitable lotteries, and on the consequences of whether the apartment is intended for living in or for investment. They will also cover expected extra costs that buyers should prepare for in advance.

The article says entering such a lottery is likely one of the most significant financial decisions many people will make, and urges prospective participants not to approach it blindly.