As the Israeli real estate market grapples with uncertainties amid the war, construction company Y.H. Demari has recently completed the sale of 21 apartments to a group of American non-resident buyers in its projects in Kiryat Gat and Ashkelon. The company is expected to finalize additional transactions in the coming days, bringing the total to approximately 30 apartments for a cumulative amount of 80 million shekels. This trend reflects a growing interest from foreign investors in large real estate projects in Israel, particularly in Jerusalem, with some buying entire buildings. However, the local market is under pressure, with concerns about rising mortgage interest rates post-war and an oversupply of housing that could drive prices down in the coming years. Experts advise local buyers not to commit without significant personal equity.
