Fewer investors buying apartments in Tel Aviv, study shows
Finance Ministry statistics show investors make up lowest proportion of transactions in the region since 2002.
There has been a steep decline in the purchase of apartments for investment purposes in the Tel Aviv-Jaffa area in the past quarter – according to the Finance Ministry's fourth-quarter summary of the residential real estate industry, published Tuesday. Investors accounted for only 32% of transactions in the region, the lowest level since 2002, when the treasury began keeping such records. In 2010 investors...
Like us on Facebook and get articles directly in your news feed