Demand for local real estate from overseas buyers is growing anew as Jews from the US, the UK, the CIS and other countries are busy buying property. Many of them buy property at the very high end of the market -- apartments of more than $1 million At these times, overseas buyers have more modest needs; and since money is less plentiful than it was two or three years ago, these buyers might need financial help. In real estate terms, that means a mortgage.
Not all overseas buyers of Israeli property are millionaires, and the properties they buy are adapted to their level of income and the depth of their pockets. Some of the potential overseas buyers of local real estate have the necessary funds to purchase a property outright, but others don’t want to see their money tied to brick and mortar.
