The Limited Times

Now you can see non-English news...

Bonjour for Investors Israel today

2021-03-23T16:55:43.122Z


Foreign investors return: About half of the apartments in the Noga 1 project in Jaffa were sold to non-residents | Real Estate Magazine


Foreign investors return: About half of the apartments in the Noga 1 project in Jaffa were sold to foreign residents

  • The Noga 1 project in Jaffa of the Avrahami Group

    Photo: 

    Imaging: 3Ddesign

Produced by the Department of Special Supplements

The French return: 50% of the buyers of the apartments in the Noga 1 project in Jaffa of the Avrahami Group are foreign residents, most of them from France.

There are 20 apartments left for sale, with 2, 3 and 4 rooms, at a price starting at NIS 3.29 million.

In the last year, naturally, there has been a sharp decline in foreign residents who purchased apartments in Israel, but in the last two months there are signs of recovery.

The Noga 1 project is located in the Noga complex in Jaffa and will include 64 units above a commercial floor in a prestigious 10-story building. Populate in about two and a half years.

Want to stay up to date all the time?

Sign up now for the Real Estate Newsletter today

Talk real estate with Ofer Petersburg. Listen to the new podcast >>

According to Reuven Eliav, the project's sales manager: "Foreign residents usually buy an apartment that will be used as a vacation apartment when they visit Israel, and in many cases they rent the apartment for vacation purposes the rest of the year. With the gradual exit from the Corona crisis Many rushed to buy an apartment with the help of realtors, relatives living in the country and video calls and zoom. "

According to Yaffa Sadan, VP of Marketing and Sales at Yossi Avrahami: "This is a prestigious project, one of whose most significant advantages is the attractive location.

The non-resident buyers are housing reducers, who leave spacious villas after the children have left home.

They are looking for luxury apartments in a coveted location by the sea in Tel Aviv-Yafo.

Another segment of buyers is investors, who mainly buy 2- and 3-room apartments. "

Produced by the Department of Special Supplements

Source: israelhayom

All news articles on 2021-03-23

You may like

News/Politics 2024-02-20T10:03:39.846Z

Trends 24h

News/Politics 2024-04-18T20:25:41.926Z

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.