Despite the fact that over the past few decades, many of our compatriots have moved to Israel for permanent residence, the situation on the local real estate market is still not very clear – they rarely write about details.
Real estate in Israel costs impressive amounts – this is often forgotten when ratings are made for the most expensive square meters in the world. At the same time, even though Israel is participating in hostilities – in connection with which the local real estate market periodically changes from a dynamic state to a slow one, this does not prevent the country’s government from systematically investing in the development of all areas of the state, both for local residents and tourists.
For example, this year, another international airport is planned to be opened in the popular Eilat seaside resort for tourists from around the world, new housing is being actively built in the country, hotels of international chains are opening, etc. Continue reading