Navigate to News section

Location, Location, Tax Breaks

Three reasons to buy Israeli real estate, marketers say

by
Ilya Khodosh
August 18, 2009

Looking to take advantage of the downturn to make some savvy—and discounted—real-estate investments? Well, the luxury apartment of your dreams could be waiting for you in the Holy Land. A so-called Luxury Real Estate & Investments Exhibition in Tel Aviv last weekend was well attended, according to a report in Globes Online (which, despite sounding like a porn site, isn’t), with Israelis and Diaspora Jews alike taking breaks from the beach to express interest in pieds-à-terres in Jerusalem, Tel Aviv, and other Israeli cities. “Americans and Europeans have calmed down and believe that the situation cannot get any worse,” proclaimed Israeli real-estate marketr Shelly Levine (who, we presume, is a different real-estate marketer than the crooked one in Glengarry Glen Ross). “As far as they’re concerned, over the years, Jerusalem as is a good investment location as New York.” Another real-estate macher, Dalia Schuster, also said that Israelis who’d moved away are returning, thanks to tax incentives. “For a Jew,” she said, “it’s cheaper and easier to live here.”

Support Our Journalism Today

The Jewish world needs a place like Tablet where varying—even conflicting—viewpoints can exist side by side. Our times demand an engagement with big ideas and not a retreat from them.

Help us do what we do.