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Welcome to the Largest Selection of Israel Real Estate For Sale and For Rent in Zichron Yaacov, Binyamina, and the Area!
| Tuesday 02.12.08 |
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Globes: Increase in foreign demand for apartments in Modiin, Zichron Yaacov and Ramat Beit Shemesh
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| Britons following French in buying luxury apartments |  | | Britons' real estate investments in Israel seen likely to increase 20-25% in 2007. | | | Zeev Klein 10 Oct 06 11:35 | |
| The Britons are following in the footsteps of the French and American counterparts, and purchasing luxury apartments, said Bank of Jerusalem (TASE: JBNK) managing director David Baruch today. Speaking at conference of foreign residents in Jerusalem, Baruch estimated that real estate investments in Israel by UK residents are likely to increase 20-25% in 2007. While there would not necessarily be an increase in actual numbers, he said, the price per deal next year would be much higher than it is at present. Expatriate Britons have extensive experience in real estate deals and will make use of this experience in their investments in Israel. "These investments will bear fruit in 2008 when the projects go on sale," said Baruch. He noted the strength of the British pound against the dollar as a factor increasing UK investors' buying power in the dollar-dominated Israeli real estate market... ...The areas in Jerusalem preferred by foreign residents include the Katamon, Rehavia, Shaarei Hesed, Talbieh and German Colony neighborhoods. There has also been an increase in foreign demand for apartments in other towns, such as Modiin, Zichron Yaacov and Ramat Beit Shemesh. "There's a lot of confidence in the Israeli economy. Most Jewish real estate investors have good contacts in Israel through family or friends, and this gives added value to the Israeli real estate market over locations in Eastern European countries," said Baruch. © Copyright of Globes Publisher Itonut (1983) Ltd. 2006 See the full article on the Globes web site |
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Yoav Etiel, 20/10/2006
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In Habonim, For Sale: House, 6 Rooms, $1,400,000 First floor, 134 Sqm, Land 1,100 Sqm, 2 Parking Spaces, Balcony 44 Sqm. In Moshav Habonim at the end of a cul-de-sac opposite the Mediterranean... Property #441443756 Viewed |
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