Diaspora Jews negotiate land deal in Jerusalem

Groups of Diaspora Jews have begun eyeing real estate projects in Jerusalem. The prospective buyers, mostly from the United States, contact developers on visits to Israel and continue negotiations from overseas. Yoram Schechter and Shlomo Eliahu own the luxury Jerusalem of Gold project on Akiva Street in the capital, and are currently in touch with several American Jews who are interested in a group purchase of apartments. Prices for the apartments range from $6,000 per square meter for regular apartments to $12,000 per square meter for penthouses.