Israeli real estate had been greatly impacted by last week's two major terrorist attacks in Europe. Eran Cohen, a housing expert, who was the former leader of the organization responsible for official Israel home appraisals, stated that in just the past week that the demand for details from European Jews about housing in Israel had soared.
Cohen said that over the past week, he had received a flood of requests for information especially in Tel Aviv and other coastal cities like Netanya, Herzliya, Ashdod, and Bat Yam. Also, there were many inquiries regarding locales with larger immigrant communities, like Ra'anana, Ramat Beit Shemesh, and Yerushalayim.
The Israeli real estate inquiries were mostly from Jews in Belgium, Germany, France, the Netherlands, and Italy, although there were also a number of requests from the United Kingdom. According to Cohen, they have seen this pattern previously, and each time a terror attack hits a country. France had the same sharp rise in inquiries about available properties after the terrorist attack several years ago.
While things calmed down after peace was restored, each new attack increased the number of people who bought properties to the extent that 10,000 new immigrants arrived, many of whom purchased apartments, according to a report from Hamodi.
Yehuda Goldschmiedt, Head Sales Manager at Jerusalem Heights said that many Europeans had bought apartments in their projects across the country, much more than Americans. She said that most people prefered to stay in their native countries, but they liked to have viable options on the cards, for anything event that may arise, according to a report from the Haaretz.
Israeli real estate saw about 30,000 European immigrants in 2015 alone. This year, that figure had grown to 35,000 or even 40,000 from the rest of Europe and even the neibouring continents. The new immigration meant new pressures on the real estate market to accommodate these immigrants.
