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1. Prohibition of Transfer of Ownership
The ownership of Israel lands, being the lands in Israel of the State, the Development Authority or the Keren Kayemet Le-Israel, shall not be transferred either by sale or in any other manner.
2. Permission by Law
Section 1 shall not apply to classes of lands and classes of transactions determined for that purpose by Law.
3. Definition
3. In this Law, "lands" means land, houses, buildings and anything permanently fixed to land.
* Passed by the Knesset on the 24th Tammuz, 5720 (19th July, 1960) and published in Sefer Ha-Chukkim No. 312 of the 5th Av, 5720 (29th July, 1960), p. 56 ; the Bill and an Explanatory Note were published in Hatza'ot Chok No. 413 of 5720, p. 34.
Basic Laws: Israel Lands
An estimated 93 percent of the country's total land area is owned by the state of Israel. Israel is the only democratic, advanced-economy country where state owns the vast majority of the land area. The state is not allowed to sell state owned lands.