Unprecedented boom in luxury housing market
As foreign residents seek an Israeli address, and Israelis snap up country homes, Globes looks at the biggest deals.
Israel s real estate market continues to flourish despite the Covid-19 crisis, including the high-end luxury market. The Israel Tax Authority site shows that there have been many real estate deals over the past year for NIS 30 million and more, mainly apartments purchased by Jews living abroad.
Real estate agent Oren Katz, who together with his partner Reli Zeidner have been high-end Israeli property agents for more than 20 years, said, Many Jews living in London, Paris and the US, with an Israeli address or passport, and unable to enter Israel, were sorry that they had not bought a home and are now coming off the fence, after understanding that little Israel is the promised land. This is the factor causing major interest from them and my estimate is that when the skies reopen, there will be a new wave of demand here.
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