A client came to First Israel Mortgages with the following situation; they purchased a property for a large sum of money two years ago.
They were unable to obtain a mortgage at the time of the purchase, but the seller was willing to extend a ten-year payment plan.
The terms of the plan included onerous interest […]
The price of residential real estate in Israel has risen by over 10% in the last 12 months, with steady increases forecast for the future.
The major reason for this substantial price increase is higher demand that significantly exceeds the housing stock available.
According to Israel’s Central Bureau of Statistics, the price of a typical 3 […]
So, you’re ready to take the plunge. and…purchase a property in Israel.
You know where you want to buy, how big a property you need and roughly how much it will cost. You also know you will need a mortgage to finance the purchase… and that’s where you start to get nervous.
How much will I […]
We are in the middle of a pandemic, and it’s been almost two years since foreign nationals have been freely able to visit Israel, making it very difficult for them to personally view properties prior to making a purchase.
Despite the difficulties, foreigners purchasing property in Israel has reached record levels.
Much of this growth can […]
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