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27% of the apartments since June 2020, were purchased by hitchhikers - Walla! Money

2021-11-10T13:14:52.817Z

The meteoric rise of Israeli high-tech companies has led young people in the industry to get rich quick. Those who were looking for attractive investment channels found one particularly notable - the real estate market



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27% of the apartments since June 2020, were purchased by hitchhikers

Since mid-2020, more than a quarter of the apartments sold in Israel have been purchased by high-tech workers, according to a survey by Eldar Marketing.

The meteoric rise of Israeli high-tech companies left their employees with large sums of money.

And those who were looking for attractive investment channels found one particularly notable - the real estate market

Tags

  • Hi-Tech

  • Real Estate

  • Apartments

  • Building

  • New apartments

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Wednesday, 10 November 2021, 14:20 Updated: 15:09

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The corona year has benefited the Israeli high-tech industry: exits in billions of shekels, investments in millions in new companies, growth of "Unicorns" worth more than $ 1 billion and fundraising of old and new companies in the hundreds of millions of shekels - all these were the high-tech industry's share in 2020. In the first three quarters of 2021. The



meteoric surge in the shares of Israeli high-tech companies and the exits of the companies left many high-tech workers with options and considerable sums of money amounting to hundreds of thousands of dollars and even more.

A large part of the workers who were looking for attractive investment channels to put their money in turned to buying apartments.

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About 27% of all home purchases since mid-2020 were made by high-tech workers (Photo: ShutterStock)

Hitmakers among apartment buyers: almost 3 times their share of the population

A survey conducted by Eldar Real Estate Marketing among about 2,000 home buyers in the past year and a half in the dozens of projects marketed by the company nationwide, shows that about 27% of all home purchases during this period were made by high-tech workers - meaning almost every third buyer is high-tech. put things in perspective, according to the Authority for innovation, high-tech workers in Israel constitute about 10% of the Israeli labor market, the rate of purchases of apartments they made a year and a half years, almost three times higher than their proportion in the population.



the survey also examined the types of the buyers Hhiitkistim, and found that the value of apartments The average they bought in the last year and a half was about NIS 3 million, compared to a value of about NIS 1.8 million in the national average for new apartments purchased. Of course, the average also includes luxury apartments that high-tech workers sometimes buy at much higher prices.

When buying a new apartment, the hitchhikers are mainly looking for proximity and accessibility (Photo: ShutterStock)

About NIS 3 million per apartment on average

According to Eldar Marketing data, the following are examples of transactions made by high-tech workers:



On Yehuda Maccabi Street in Tel Aviv, an apartment with an area of ​​103 sq.m. + 13.5 sq.m. balcony, on the 4th floor, was sold for NIS 6.1 million.



In the Yad Eliyahu neighborhood in Tel Aviv, a 3-room apartment with an area of ​​83 sq.m. with 12 balconies was sold, on the 5th floor, including parking and a warehouse for NIS 3.1 million. In



a luxury tower in Ramat Gan, a 3-room apartment with an area of ​​85 sq.m. + 12 balconies was sold , On the 35th floor, for NIS 4.1 million.



In the new Park Hayam neighborhood in Bat Yam, first line to the sea, a 4-room apartment of 108 sq.m. + 14 balconies was sold for NIS 2.850 million.

Roni Cohen, CEO of Elder Marketing (Photo: Elder Marketing)

"The hitchhikers who became millionaires, aged 20-30"

According to Roni Cohen, CEO of Eldar Marketing,

"The hitchhikers, some of whom have become millionaires in the past year, prefer to purchase apartments in the center of the country with proximity to jobs: Tel Aviv, Ramat Gan and the cities of Sharon Herzliya, Raanana and Kfar Saba, the cities with the largest concentrations of companies "Technology and, of course, cities that contain major leisure centers that enchant this segment of the population."



"These are relatively young workers, in their 20s and 30s, the majority are single men or young couples without children. Most of these buyers do not yet need schools or kindergartens close to home, the parameters that interest them are high accessibility, and proximity to recreation areas and shopping centers ".

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Source: walla

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