The Sale (Apartments) Law, 5733-1973 sets fixed compensation for late delivery, with no need to prove damage. The basis is the rent for an apartment similar to the one you bought.
For contracts signed from July 7, 2022 (Amendment 9): there is no compensation for the first month of delay. If the rent for a similar apartment is NIS 6,000 a month, the compensation is NIS 6,000 a month from the second to the fourth month, NIS 7,500 from the fifth to the tenth month (1.25 times) and NIS 9,000 from the eleventh month (1.5 times). For older contracts, when the delay exceeds 60 days, the compensation is NIS 9,000 a month for the first eight months (1.5 times) and NIS 7,500 from the ninth month (1.25 times).
A contract clause that reduces the compensation below what the law provides is not valid. Keep a record of the delivery date set in the contract, the developer's notices and the actual delivery date.
Source: Sale (Apartments) Law, 5733-1973, Section 5A
First published in Hebrew. Read the Hebrew original