The slump in the dollar has not yet affected foreign investment in Israeli real estate.
The slump in the dollar has not yet affected foreign investment in Israeli real estate. Diaspora Jews, especially from the US, UK, and France are continuing to buy apartments either as residences or for investment.
The Bank of Israel reports that foreign residents bought $93 million worth of real estate in February 2008, compared with $167 million in January. The central bank notes the monthly drop in investment, but also notes the lower number of business days in February.
Foreign investors bought $260 million worth of real estate in January-February, an annualized amount of $1.56 billion, about the same level as in 2007. Foreign investment in real estate totaled $4.1 billion in 2005-07.
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