While the world has been preoccupied with the pandemic, Israel’s luxury property market has surged. “Covid is part of the reason,” says Shira Dunsky, cofounder and co-owner of Rothschild Real Estate on Rothschild Boulevard in Tel Aviv. “With lockdowns, restricted travel and periodically closed borders, the home has grown increasingly central, with many Israelis and clients from the overseas Jewish communities looking for large, comfortable Tel Aviv homes. We find these clients the right match for their new home.”
Rothschild Real Estate provides outstanding service to its clients. “We tune into our clients to understand their real estate needs,” says Eyal Furmansky, who cofounded and co-owns the company with US-born Dunsky. “With long-established professional connections, we know about both the unique under-the-radar properties as well as those that are listed, and we connect between them and the buyer.”
With 30 years’ experience between them and a shared vision of luxury real estate in Tel Aviv, Furmanksy and Dunsky live and breathe their profession. “Our clients know that we’re here for them around the clock, and that when we recommend a property, it’s of the highest quality,” says Dunsky. “Dealing in very expensive properties as we do, we also advise our clients as to which are worth their asking price — and which aren’t.”
Tel Aviv’s rental market is also rising steeply. “Whereas monthly rentals of NIS 20,000 were once rare, we now handle dozens of them,” says Furmansky. “In the past two months alone, we’ve closed five such transactions, including a property rented at NIS 100,000.”
An important part of Rothschild Real Estate’s service is maximizing supply. “With demand for residential rentals in Tel Aviv so huge, we approach off-market property owners and offer to match them with quality tenants” explains Dunsky. “We’re also in very close contact with developers and real estate entrepreneurs. And, as many of our buyers, sellers and renters are very high-profile, we do all this with absolute discretion.”
Among these high-profile clients are many unicorns — privately owned startups and high-tech companies worth more than $1 billion. “With every tenth unicorn currently from Israel, we have been working extensively with this market, finding them real estate investments as well as homes and unique office space,” says Dunsky.
The story of Israel’s housing market is one of ongoing rise, as its growth picked up pace during the pandemic years,” says Furmansky. “Our expertise and experience, as well as our connections with developers and entrepreneurs all allow us to see that it won’t slow down any time soon. Our clients see that it’s not too late to buy property in Tel Aviv as the prices continue to go up. Whether looking in the city center or beachfront, for any type of property, be it apartment, townhouse, or commercial property, we have the connections and will find it for you.”
Partnered with Rothschild Real Estate