Israeli homes purchased by foreign residents jumps 50%

Foreign residents snapped the Israel apartment last month and contributed to the recorded amount of mortgages recorded in December 2024. Since the outbreak of the war, there has been a remarkable increase in apartments purchased by foreign residents, but unlike the past, the buyer is a religious Jewish who is mainly looking for a house in Jerusalem.

NIS’s highest recorded mortgage of 13.8 billion NIS was due to five population sector and VAT hiking that made many transactions toward the end of the year. The first sector was a buyer of an apartment with a price of 2 to 3 million NIS, which significantly increased the amount of mortgages they took, especially more expensive loans. 47 % of the mortgage collected by this sector was equivalent to 1.2 million NIS.

The second sector was those who bought apartments with NIS 1.2 million mortgages, but the third sector was the marketing campaign by developers. As part of, he was a new apartment buyer. “Balloon” loan with postponed repayment date. These loans were equivalent to 3.2 billion NIS in December, more than twice the previous record.

The fourth -sector of buyers, which increased the amount of mortgages, were real estate investors, and the number in December was the highest since June 2022, and was more than 50 % higher than the number of borrowers before that. The fifth sector, and probably the most interesting sector is the sector of foreign residents. Since the outbreak of the war, this sector has been purchasing apartments significantly.

Recovery from low point

Foreign residents still consist of a small percentage of the entire Israeli housing market. Although there is no final number in 2024, it is estimated that the purchase by foreign residents will be a total of 1,900 apartments, about 2 % last year. However, this is an increase of about 50 % compared to the number of transactions conducted in 2023.

Mortgages adopted by foreign residents increased 13 % in 2024 in the first nine months of 2024 in the first nine months of 2023. 。

According to the Ministry of Finance’s Chief Economist, the housing market for foreign residents has fallen since its peak from 2005 to 2006. At that time, foreign residents traded at a percentage of 400 per month. Since then, the volume has dropped significantly for several reasons. Israel’s housing prices, which collide west from the end of the century to mid -year, have risen significantly. Increased exchange rates and purchase taxes that have been enhanced for the dollar have increased. The Cobid Pandemic period was the weakest in this market, only dozens of transactions per month.

Since then, there have been several increase, but not consistent. Foreign Minister Israel Kats at the time has begun to buy more houses in Israel. At the end of 2021, after re -raising the purchase tax of the apartment, foreigners reduced the number of purchases, and in 2023 the average monthly purchase of about 100 apartments before the war in October. The purchase decreased in the first few months of the war, but it has been significantly increased since the first quarter of 2024, and it is estimated to have reached an average of 150 apartments a month in 2024. It was 20 years ago, but it recovered significantly compared to the lowest five years ago.

However, in one city, today’s purchase by foreign residents is almost the same as the peak day. In Jerusalem and its surroundings, there were about 100 transactions a month in recent months. This is exactly the difference between the peak of 20 to 30 years ago and what is happening today. At that time, Jerusalem accounted for 25 % of all foreign residents purchased. , Ashdod (built at the time) and Ra’ANANA are also competing in this market. Today, most of these places have attracted many foreign buyers, and Jerusalem constitutes most of the market.

Usually, these buyers come from the Halledi and orthodox communities. For example, Gloves have recently reported on the Midtown E Salem Project in Israel Canada. In this project, many apartments were purchased by the US Halledi Community. This is not the only example, and other new projects in the city also sold apartments to Hallede -dolphins in Non -Israel.

Domestic in luxury markets

At the end of 2024, the acquisition of a foreign resident’s mortgage is suggested that many people are looking for a new apartment instead of a used house, so we will be VAT hiking at the beginning of 2025. In order to defeat, they suggest that they have increased their purchases. A mortgage loan of the closing month of 2024.

“Anti -Semitism is rising everywhere, and buyers are here,” says Jerusalem’s appraiser, Kobi Beer. But he says that all of these buyers are not planning to migrate in the near future. “Many of them want to” step into the door “and choose to live in Israel. “

“We are looking at three major sources, the United States, the United Kingdom, and French, and British and Americans prefer to have apartments to increase security and hurry immigration. There are more French people. “In the last few months, on September, especially the night before the high holiday, it has increased significantly in September when they come to Israel and buy apartments. November, November and November. The measured numbers are also very large.

In particular, the existence of foreigners is clearly felt in the luxury market in Jerusalem. From November to December, they bought 22 apartments at more than 10 million prices out of 72 apartments purchased in 2024. Most of them were new apartments.

Published from Globes, Israeli Business News -en.globes.co.il- January 28, 2025.

© Copyright of Globes Publisher Itonut (1983) LTD., 2025.