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surge in demand for Israeli real estate among Jews living abroad has led to a significant increase in expos and transactions. According to Gidon Katz, a leading expert in marketing Israeli real estate, the number of expos has grown from just two or three annually five years ago to 18 last year, with this year's events expected to reach between 15 and 20.
The growing interest stems from various factors, including plans for Aliyah, vacation homes, and extended family visits. Many view Israeli real estate as a sound investment due to the market's steady appreciation. Rising antisemitic incidents worldwide have also led some buyers to see Israel as a secure foothold for the future.
The Real Estate Expos provide a convenient platform for buyers to explore projects, speak with company representatives, and evaluate investment opportunities without traveling to Israel. The events centralize essential information for Jewish buyers abroad, covering real estate projects, financial aspects, and legal procedures.
Senior executives from leading Israeli real estate firms will attend the expos, offering flexibility and authority to approve requests on the spot. Real estate brokers specializing in second-hand properties, lawyers, mortgage consultants, and financial transfer experts will also be available to guide buyers through the purchasing process.
Interest in Israeli real estate is primarily focused on cities with a strong Anglo presence, such as Jerusalem, Beit Shemesh, Modi'in, Netanya, Ra'anana, and Herzliya. However, there are also notable trends in other areas, including Carmei Gat, where demand has risen significantly due to the establishment of a modern Orthodox community.
Purchasing property in Israel involves significant bureaucratic challenges, particularly when dealing with foreign currency transactions. The expo addresses these issues by providing professionals who specialize in purchasing processes for foreign buyers.
For many buyers, purchasing property in Israel is not just a financial investment but also a way to preserve their communal ties and Jewish identity. A growing trend is the collective purchase of properties by organized communities looking to settle in the same area.
The vast majority of real estate transactions among Jews in the Diaspora involve newly built apartments, although there are cases of purchasing private homes or second-hand properties. Many buyers plan to make Aliyah but not immediately, opting for apartments that will be completed in several years.
The success of the expo has led to a significant expansion in the number of events, with 18 expos held last year and between 15 and 20 expected this year. The growth reflects demand and provides buyers in more locations with direct access to information and investment opportunities.
One of the main advantages of the expo is the opportunity to purchase apartments during the pre-sale stage at significantly lower prices than their final market value. Financing plans tailored for foreign buyers are also available, including 10-90 and 20-80 payment models.
The upcoming expos will take place in Toronto (March 20), Lakewood (March 23), Teaneck (March 24), and the Five Towns area of Long Island (March 26). Participation is free with registration.
