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Buyers beware in Israel s booming housing market

Renovation completed of historic Rehavia apartment block

Israel s wealthiest are moving out of the city

Israel s wealthiest are moving out of the city From beach homes near Nahariya, to country estates in farming villages and homes in pastoral Ein Kerem, Covid-19 has pushed up demand for Israeli houses. Leaving the city for a house, as a second home, not the main residence, was something that very much developed over many years and was slowing down, because it involves a lot, such as maintenance and employing workers, says real estate agent Noam Dzialdow of the Neot Shiran agency for luxury homes. People would say why do I need this headache? Coronavirus reshuffled the deck within a month. People began buying even when movement was restricted.

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