August 25 2017
As noted in the report of the chief economist of the Ministry of Finance for the second quarter of 2017, during this period, foreign citizens bought in Israel only 390 apartments, three times less than for the same period in 2015 – so low demand for Israeli real estate from foreigners has not been since the second “Intifada”.
TheMarker notes that wealthy overseas Jews leave the Israeli apartment market because of the growth of the shekel and tightening of currency control measures that made it difficult to launder money and their tax evasion through the purchase of real estate in Israel.