BUYING LUXURY REAL ESTATE IN ISRAEL 2014: Israel is a small country undergoing rapid economic development, with a highly active real estate market. Israels luxury real estate market has been soaring in recent years, particularly in the central area of the country. This is in contrast to the dire straits of the international housing market. Many buyers are wealthy non-Israelis who frequently visit the country and choose to buy a second home or an apartment instead of staying at a hotel. Non-Israeli real estate buyers have helped increase the demand and raise prices, particularly in the luxury real estate sector. With the rocky stock market and economy, investing in real estate is the safest option, say investors.In 2007, the New York Post has published an article praising Israels real estate market as More attractive than the Hamptons. In April 2008, Israel was selected by Forbes as one of the worlds most promising real estate markets. The most sought after luxury real estate in Israel are apartments or privet homes near the sea in center of Israel from Hadera to Netanya. Israel has always attracted Jews from all over the world wishing to buy property, and now many more are buying second homes here. The market has been almost unaffected by the recent world economic slump. Israels luxury real estate market is intended for those with the means to buy homes in the most desirable locations. Traditionally, Jerusalem has been a favorite location for American and European Jews but gradually, Tel-Aviv, Herzelyia Pituach, Ramat-Gan and many other locations by the sea are taking its place as buyers are seeking out luxury real estate with breathtaking views of the Mediterranean Sea. Of these locations, Tel-Aviv,Netanya and Hadera or Emek-hefer are the most popular. Israels luxury real estates by the sea are by far the most expensive properties. For the past several years foreign investments in Israel luxury real estate has transformed the market. Many American and European Jews choose to invest not only because this market has proven to be a solid long term investment, but also because they truly wish to spend time in Israel. In the past two years, many luxury apartments have been built in Tel-Aviv and investors prefer to rent them out rather than sell them. Previously, luxury apartments were bought for residential purposes, but today many are being bought as a solid long term investment. The sale price of a property in Israel is not an indication of it being a luxury real estate for, in many cases, you pay for the land rather than the property. So, for example, if you were to buy property in a very popular area, you may be asked to pay $1,000,000 for a regular apartment without the enmities of a luxury apartment, solely due to its location. Plus, the best and most expensive luxury real estate in Israel is not usually found in listings but sold almost exclusively by professionals. Therefore, the best way to find luxury real estate in Israel is through a real estate professional in Reshef real estate agency at Tl: 972-77-5305606 > newhome4u.co.il/en twitter/reshefhadera > youtube/reshefhadera Always there for you – We will buy/sell your property for the best price in a short time.
Posted on: Sun, 07 Sep 2014 11:28:46 +0000
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