Published on July 25, 2011.
According to a recent survey conducted by Bregman Baraz Real Estate regarding overseas investments made between July 2010 and June 2011, Israelis purchased $1.15 billion worth of U.S. properties.This amount was spent on 36 properties, which placed Israelis second on the company's list, behind only Canadians. Overall, foreign investors accounted for 7.5 percent of all real estate purchases in U.S. incoming-producing real estate during the period. Israelis represented one-tenth of these investments, which was 0.75 percent of the total.
Houston properties received the most attention from Israelis, accounting for 60 percent of their investments in office space during the first half of 2011.
While the real estate market in Washington, D.C. attracted one-third of foreign investors during the year's first six months, Israelis were mainly absent from its commercial sector.
Houston's placement atop the list is intriguing, as Texas was recently found to have the second-greatest average closing costs for mortgages, according to Bankrate.com.
Courtesy of 2M Realty News
Article Author: Real Estate News
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Source: http://www.houstonrealestateobserver.com/israelis-investing-in-u-s-real-estate-houston-most-popular/
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