Real estate consultant Einstein has organized three groups with a budget of $60 million.
Three groups of 42 investors from Europe and the US are arriving in Israel this week to examine luxury villas and apartments in Tel Aviv and central Israel. Real estate consultant Shimon Einstein, who organized the groups and is financing their trips, told "Globes" that the investors would like to take advantage of the recent decrease in real estate prices. The buyers have a budget of $60 million. This is the first such trip of real estate investors.
A group arriving from Rome today (Sunday) includes non-Jewish investors. Tuesday, 15 investors arrive from Holland. Thursday, 14 investors arrive from Los Angeles. The investors are arriving following Einstein’s presentation to them of 111 villas and luxury apartments in Tel Aviv and central Israel. The buyers will receive legal advice from Adv. Michael Lev, and financial advice from the First International Bank of Israel.
Einstein has organized tours of Jerusalem and the Dead Sea, and will show 120 villas and luxury apartments in Tel Aviv, Herzliya Pituach, Kfar Shmaryahu, Savyon and other areas. Einstein has undertaken to obtain tenants for most of the properties with 3-5 year leases and 4-4.5% yields.