Foreign residents purchased about 1,900 homes in Israel in 2024, with Jerusalem being the most popular location. This marks a 50% increase compared to the previous year. The surge in purchases contributed to a record amount of mortgages taken in December 2024. The increase in apartment purchases by foreign residents is primarily driven by religious Jews looking for homes in Jerusalem. While foreign residents still make up a small percentage of the Israeli housing market, their presence is particularly felt in the luxury market in Jerusalem.
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