Diaspora Jews’ Israel real estate purchases declined in 2008
So says an article at today’s Haaretz.com
The global economic crisis has badly hurt property sales to foreign residents. State Revenues Authority data shows that in the fourth quarter of 2008, there was a 40% decline in the number of sales compared to the third quarter – and a 60% decline in comparison with the fourth quarter of 2007.
Meanwhile, an article regarding Pending Home Sales in the U.S appeared in today’s news.
The index of signed purchase agreements, or pending home re-sales, compared with a 2 percent gain in February, the National Association of Realtors said today in Washington. The March reading of 84.6 was 1.1 percent higher than the 83.7 level in the same month a year earlier.
Filed under: General Information, Israel Real Estate News
