contrary to some reports this seems to be occurring despite or bc of the war!
Rising Antisemitism Impetus
[...] According to the Anti Defamation League (ADL), Europe has seen a 300% rise in antisemitic incidents this year as opposed to last and South America soared to 700% higher numbers with Australia reporting 491% more cases than 2022. One in three people admit to not feeling safe openly displaying their Judaism in the street at this time. University campuses across North America have become a seething pot of anti-Israel sentiment and alongside it, antisemitic rhetoric has emerged that has no limits and calls for genocide.
Whilst many believe that with the end of the war will come a calmer period, an overwhelming number are exploring the prospect of a second home in Israel or making “Aliyah”, immigration. Over the last 8 weeks, Israel has experienced a sharp peak in real estate sales from foreign investors, many buying property on paper remotely.
Demand is High
“We have experienced an increase in demand for our projects in central Israel and the Sharon area, from foreign Jewish investors from around the globe from Australia to Brazil, UK to the USA. The dollar is strong and there is a growing consensus that an investment in a home in Israel is more than a financial investment, it is a peace of mind”, explains Menachem Gindi, one of Israel’s leading residential developers.
As the Jewish Agency offices around the world find themselves inundated with calls, many question Israel’s ability to provide a solution for housing the estimated one million immigrants set to flood the country over the coming two years. “I do not see any crisis in supply at the moment”, explains Gindi.
More at https://www.jewishpress.com/addendum/sponsored-posts/demand-for-luxury-real-estate-in-israel-soars-amidst-rising-global-antisemitism/2023/12/24/
2 comments:
“I do not see any crisis in supply at the moment”, explains Gindi.
That's because he's a developer, not a buyer. The only crisis would be if he can't find a buyer.
Over the last 8 weeks, Israel has experienced a sharp peak in real estate sales from foreign investors, many buying property on paper remotely
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