outDWELLing COVID-19

  • 4 years ago
  • 0

We know many of our friends and clients all over the world are going through an unbelievably difficult time and we pray and wish that everyone will be well and healthy very soon.

In spite of these very challenging times for all of us, we are regrouping and readjusting to the new circumstances and helping ourselves and our dearly appreciated clientele.

Many have reached out to us from different parts of the world looking to invest, have a foothold property or actually renting or buying in order to move to Israel, so we are making an effort to help those of you who already reached out and are also willing and able to help out others that may have similar needs.

We can help you with the process from beginning to end.

  • Negotiation and Purchase/Rent
  • Best Forex rates!
  • Diligent, trustworthy lawyers
  • Expert Surveyors to check property’s worth, planning potential and fiscal issues
  • In-house architecture, project management, renovations, and interior design
  • First-rate mortgage consultants

Current status of the Residential and Commercial property in the Israeli market:

For the last month and a half, the market was reduced to 0-5% activity. We still don’t know when and how long it will take until the world goes back to its previous status if that’s a possibility, but… in the residential market, this past week we’ve seen a steep rise in demand and activity.

We expect the demand in the residential high-end central neighborhoods to grow due to the geopolitical turmoil in the Jewish communities around the world.

Israel is seen as managing the COVID-19 pandemic in an outstanding manner and has the ability to react quickly to a new situation as the innovation economy

has proven in the last decade.

We are already seeing Israel taking the first steps into normalization by having opened all businesses and having a gradual back-to-school starting next week.

B”H the numbers and statistics in Israel are well below the rest of the key Western developed countries.

The crisis caught Israel in a very strong position and therefore although it will take a hit, it won’t take the economy down.

The shekel has kept its value and Israel will definitely be a good safe and solid economy to invest in as it will recover quickly compared to other bigger, less flexible clumsy markets.

The Commercial real estate activity has also been drastically reduced and it is estimated that many of the small and medium-sized businesses, unfortunately, may not survive this period which will create a surge in supply of vacant commercial space reducing prices considerably for some time but surely will be replaced by new businesses opening up after a period of 6-12 months. It is definitely a good period for anyone that has the liquidity to invest in Israeli commercial real estate.

We have a wide variety of Residential and Commercial properties that we can show and supply information for.

We are available to discuss any issue and showcase properties, introduce you to our professional experts through Zoom as well.

Feel free to contact us.

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