A huge and unprecedented deal: An entire community from the United States purchased two 40-story towers on Jaffa Street in Jerusalem - for about 200 families.
The dairy community comes mostly from Brooklyn. It is a closed community, for which the community structure is very important. Therefore, despite the expectation of similar moves in the future, it will be difficult to see other communities copying the move, as they are endowed with a different community character.
Nir Shmol, CEO of Snir Real Estate Marketing Company, told Ofer Hadad and Amalia Doak on Channel 12: "In my opinion, this is the largest deal in the State of Israel to date. There were no such numbers, this is a deal that exceeds at least a billion NIS.".
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According to Shmol, this is not a purchasing group, but an association of people from the same community. "The community itself will not necessarily come to live in Israel in the near future, perhaps their children are doing military service here or studying here," said Shmol. "But this is a deal that indicates the great potential of the market, especially in this period of depression in Israeli real estate. It gives great optimism to entrepreneurs, and I think we will see significant entrepreneurs here who have come out with projects abroad. This also connects to the wave of anti-Semitism in the world, and the index of fear of Jews that is rising. Maybe we will really see a big wave of purchases here that could change the real estate industry.".
However, there is a concern that such apartments could eventually become ghost apartments in central Jerusalem.
