North West London, home to Finchley United Synagogue, is set to host an Israeli property show this weekend, catering to individuals considering Aliyah, seeking a holiday home, or interested
in real estate investments.
The Israeli Real Estate Show will take place on Sunday, June 25, from 10:30 to 17:30.
While real estate prices in Israel have been consistently rising in recent years, the market has experienced a significant slowdown due to increasing interest rates.
According to Gidon Katz, CEO of Israeli marketing company IMP and a real estate marketing expert, this market slump, combined with the strength of the pound, has created a unique opportunity for foreign investors. Developers are currently offering special deals and more flexible terms, making it an ideal time to consider investing in Israeli real estate.
For Noam Vasl, a property broker at Noam Homes specializing in properties in and around Jerusalem, this will be his fifth time participating in the property fair. He highlights the enduring popularity of areas such as Tel Aviv, Ranana, Netanya, and Jerusalem, where property prices start at around £560,000.
Vasl reveals that their office is engaged in multiple transactions, and many owners and developers are willing to reduce costs to close deals, offering lucrative offers to buyers due to market uncertainty surrounding interest rates.
With the slowdown in new construction projects by contractors, Vasl believes it presents a perfect opportunity for prospective buyers to explore the Israeli real estate market. The Israeli property show at Kinloss offers a chance to gather valuable insights and seize the current opportunities available. Photo by User:Ranbar, Wikimedia commons.