Israel real estate purchases by Americans said to be slowing

"It is really the dream of so many American Jews to be able to own a piece of property in the Holy City and the Bank of Jerusalem has helped a large percentage of them in making it a reality," he said, estimating that the bank handles approximately 40 percent of all foreign mortgages in Jerusalem. "We are more familiar to people in New York than in Herzliya and we can attribute our success to the fact that we have built our activities specifically for foreigners."