Investments in Jerusalem alone total $715 million, with Romema neighborhood most popular among ultra-Orthodox, religious investors Gad Lior 07.05.07
Foreign haredi and religious investments in Israeli real estate over the past four years have brought in some $1.2 billion, a market study presented Wednesday at the ultra-Orthodox sector's economic committee at Jerusalem's International Convention Center revealed.
According to Bruno Bisroir, one of the committee's organizers, "Jerusalem Bank, which specializes in mortgages from real estate buyers in the haredi sector, grants an amount of NIS 300 million-400 million (about $71million-94 million) per year in mortgages for hardei and religious foreign residents, for the purpose of purchasing apartments across the country."
The data presented at the committee showed that foreign religious and haredi investments in Jerusalem alone brought in a total of $715 million over the past four years.
An additional $400 million were invested in plots of land for construction in the city.
Other Israeli cities preferred by foreign religious investors include Beit Shemesh, Bnei Brak, Ashdod, Modi'in-Ilit, Herzliya Pituach and Tel Aviv.
Most of the investments in Jerusalem were carried out in old prestigious neighborhoods, but a significant part of the investments went toward purchasing 3-5 bedroom apartments in old neighborhoods such as Beit Israel, Geula and Sanhedria neighborhoods.
Romema neighborhood, on the outskirts of Jerusalem, was the most popular neighborhood among foreign investors over the past two years, where a 3,000-apartment project aimed at American and British haredi investors is in planning.
Apartment prices in neighborhoods popular to foreign investors have risen by up to 70 percent over the past two years.
im pretty sure u r some whos unemployed and lives out of palestine and just likes to play around,u have npothing else to do even for ur so called cause! u do nothing but copy and paste i would liek to tel u that we will meet u someday when rocks and all creatures will guide us to ur whereabouts to slaughter u amen
I'm pretty sure they never taught you English in your Madrassah.
I'm quite employed and live in Israel. Palestine doesn't exist. I have a great life, thank G-d, and have met MANY like you. They're all either dead or in jail now.
6 comments:
Yet another picture with the same LESS THAN HALF A DOZEN members of Neturei Karta.
Did you know that they have been excommunicated by the entire religious Jewish spectrum?
This is much more relevant:
Foreign Haredi Residents Invest $1.2b In Israeli Real Estate
Investments in Jerusalem alone total $715 million, with Romema neighborhood most popular among ultra-Orthodox, religious investors
Gad Lior 07.05.07
Foreign haredi and religious investments in Israeli real estate over the past four years have brought in some $1.2 billion, a market study presented Wednesday at the ultra-Orthodox sector's economic committee at Jerusalem's International Convention Center revealed.
According to Bruno Bisroir, one of the committee's organizers, "Jerusalem Bank, which specializes in mortgages from real estate buyers in the haredi sector, grants an amount of NIS 300 million-400 million (about $71million-94 million) per year in mortgages for hardei and religious foreign residents, for the purpose of purchasing apartments across the country."
The data presented at the committee showed that foreign religious and haredi investments in Jerusalem alone brought in a total of $715 million over the past four years.
An additional $400 million were invested in plots of land for construction in the city.
Other Israeli cities preferred by foreign religious investors include Beit Shemesh, Bnei Brak, Ashdod, Modi'in-Ilit, Herzliya Pituach and Tel Aviv.
Most of the investments in Jerusalem were carried out in old prestigious neighborhoods, but a significant part of the investments went toward purchasing 3-5 bedroom apartments in old neighborhoods such as Beit Israel, Geula and Sanhedria neighborhoods.
Romema neighborhood, on the outskirts of Jerusalem, was the most popular neighborhood among foreign investors over the past two years, where a 3,000-apartment project aimed at American and British haredi investors is in planning.
Apartment prices in neighborhoods popular to foreign investors have risen by up to 70 percent over the past two years.
PS Modi'in-Ilit is the most populous "West Bank" "settlement".
:-)
is it mike from NY?
his style
copy paste,no?
anonymous 2 in action he3 he3
Nope- it's me from Israel for those posts, and I don't know any Mike from NY.
My style is to provide cold hard verifiable facts.
im pretty sure u r some whos unemployed and lives out of palestine and just likes to play around,u have npothing else to do even for ur so called cause!
u do nothing but copy and paste
i would liek to tel u that we will meet u someday when rocks and all creatures will guide us to ur whereabouts to slaughter u
amen
I'm pretty sure they never taught you English in your Madrassah.
I'm quite employed and live in Israel. Palestine doesn't exist. I have a great life, thank G-d, and have met MANY like you. They're all either dead or in jail now.
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