The Dizengoff Group, a family-owned real estate company based in Israel, has bought 118 condominium units in a complex called Portofino in Jensen Beach, Fla., for $6.75 million. That works out to $53 per square foot, compared with an average price of $204 when the units were offered by the developer in 2006, says Ronen Saban, the manager of Dizengoff’s office in Boca Raton, Fla.
57,000 dollar per apartment? It is dirt cheap!
The company plans to rent out the units until the market recovers. “We have no intention of selling any units in the short term,” Mr. Saban says. Dizengoff is looking for more purchases in good locations.
6 comments:
57,000 dollar per apartment? It is dirt cheap!
Seeing your comment I had the sudden feeling that apartments in Israel sell for 60k, even though you just said 57k is cheap. How much does an apartment in Israel sell for? Just a rough guess would be fine.
The Arizona branch of the multiple listing service can be accessed here if you want to see how much various types of property sell for here in AZ.
You cant buy an apt in Israel for less than 200000$
$200k? Wow. That really does blow Steve Sailer's whole theory of affordable family formation out of the water. You mentioned that Israel's national carrier system covers half the country (about 10k sq. km), would it be possible to extend the system to cover another quarter of the country?
AZ has always been a place northerners like to retire, since they don't have to deal with snow or cold weather. I think now would be a good time for such northerners to buy a house in the Sunbelt.
I have seriously thought about buying a house right now. I would need a second (or third) bedroom for my mother and Brother, and I would need to consider room for any future residents.
If you are willing to live in Coolidge you can buy a detached house with a yard for $9,900.
4139301 4149840
I don't think there are any synagogues within 50-75miles of Coolidge though. I could be wrong, you'll have to check here or here.
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