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18-04-2007
Real estate in Israel has become for the last years one of the centers of attention for local and foreign investors. No surprise can be noted on this subject, due to the high returns made by investors, not only in central Israel, but also in the periphery. We can find properties today that are sold for the price of 7500$ to 8000$ per square meter. Not only on the rich north of Tel Aviv, but also on the traditional center of the city and in towns around Tel Aviv of high standards. The deteriorating exchange rate of the dollar against the N.I.S., and the law mortgage interest rates, can also add to this appealing situation for buyers.
The up-rising property market can gain the potential investor large profits, but also has a lot of risks to consider, mainly regarding non-professional investors, which can sometimes miss a great opportunity or fall into a real-estate trap and misfortune. Therefore, it is very important to make all necessary inquiries regarding the purchased property and to be assisted by an experienced legal practitioner while making the...
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