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Why Overseas Buyers Shouldn’t Only Look At New Construction in Israel
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Buying property in Israel from overseas? New developments are easy to market: renderings, floor plans, inventory, payment plans and sales teams. But don’t ignore the second-hand market. You may find more space, a more established location and potentially better value. The question isn’t new construction vs. second-hand. It’s: Which apartment actually works best for you? Follow Cirqle for practical guidance on navigating Israeli real estate.
Categories:Real Estate
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Transcript
Auto-generated transcript. Not time-synced to the video.
If you're buying an Israel from
overseas, there's a very good chance
most of what gets put in front of you is
new construction.
And honestly, that makes sense. There's
beautiful renderings,
beautiful brochures, the floor plans,
the videos, the payment plans.
Everything is packaged so nicely. It's
just easier for everyone.
The developers have inventory they need
to sell.
Brokers have easy access to those units.
And for you, the buyer, it's all right
there in front of you. The second-hand
market is a little bit messier. Someone
has to actually search. You have to call
the sellers, coordinate showings, deal
with brokers, lawyers, timelines. It
takes a lot more work.
But easier does not automatically mean
better. Because with a second-hand
apartment, you know exactly what you're
buying. The apartment exists. The
building exists.
The street exists. You can see the
light. You can hear the noise. You can
check the parking, and you can
experience the neighborhood. And
sometimes you get more space, a better
location, or simply better value.
So, I'm not saying don't buy new
construction. Sometimes it's absolutely
the right move. I'm saying don't confuse
what's easiest to market with what's
best for you.
If a broker sends you three
developments, ask one more question.
What do you have on the second-hand
market that could potentially work for
me? Because sometimes the best apartment
for an overseas buyer already exists.