The number of foreign residents interested in buying an apartment in Israel has jumped by about 400% since the beginning of the war, according to data from Israeli technology company BMBY, a provider of CRM software to Israeli real estate companies and realtors.
A statistical analysis of the data collected since the beginning of the war shows that in the fifth week of the fighting, the number of inquiries received by companies from foreign residents was 8,653 per week, compared with 2,214 entries in the first week of the war, and 2,636 in the week before the war.
Before the war, the percentage of requests from nonresidents to Israeli real estate companies out of the total number of inquiries was about 5 per cent and grew to about 21.5 per cent in the fifth week of the fighting. In other words, today every fifth request to sales offices in Israel comes from a foreign resident. A segmentation of inquiries by foreign residents by country of origin reveals that 48% of those interested since the war broke out are from the United States, 21% from France, 18% from Britain, 7% from Russia and 6% from other countries.
Dreaming of an apartment in JerusalemPhoto:, Photo: Simulation: Studio Aiko
A segmentation of demand by regions in Israel reveals that after the outbreak of the war, 34% of foreign residents are interested in purchasing an apartment in Gush Dan, 26% in Jerusalem, 25% in the Sharon area, 9% in Haifa and the Sharon, and 6% in Ashdod and the south (compared with 18% before the war).
A breakdown of pre-war data also shows that 37% of foreign residents were interested in luxury properties priced more than NIS 5 million, while after the war, apparently due to the expansion of the circle of interested parties, only 13% were looking for apartments priced over NIS 5 million, while 23% were looking for apartments priced up to NIS 1.5 million, 28% were looking for apartments priced between NIS 1.5 million and NIS 3 million, and 36% were looking for apartments priced between NIS 3 million and NIS 5 million.
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