Israel Real Estate

Israel has been taking progressive steps towards continuous economic development. Based on the recent steps taken by the government of Israel, the administration aims to create a "financially independent population". As such, the country focuses its effort on one of the most prominent ways used by developing countries in improving economic stability: Improved foreign investment and development of real estate property into highly industrialized infrastructures and businesses. To be able to attend to such goal, the ruling administration in Israel seeks stable global business partners in this highly commercialized world prospering through open trade and moving towards the fortification of a global village where free economic trade stands as the key national business. Apart from that, the Israeli government created high-priority economic improvement indicators that will lead to the development of their economic status.

1. Export growth
Israel has enjoyed large exports. In 2005, there was an estimate of $40.14 billion f.o.b. The year after, there was a significant raise as the export f.o.b. reached US$42.86 billion. Among the leading exports were agricultural products consisted of various fruits and vegetables. Since the country is known for the improving computer software and hardware industry using high technology and tedious computer research and development sector, a significant number of export products were consisted of softwares and military technology. There were also large purchases of various chemicals, textiles, and apparel. Other export products included software, machinery and equipment, and cut diamonds, agricultural products, chemicals, textiles and apparel. The country's trading partners includes the long list of neighboring countries in the eastern region but its major trading allies included the United States, The United Kingdom, Hong Kong, Belgium and Switzerland.

2. Improved economic and financial stability for local settlers
The country has been popular for being the top ranker in the World Bank's Ease of Doing Business Index and the World Economic Forum's Global Competitiveness Report, both of which define economic stability and growth.

In relation to such, more and more companies have been opened in the country. As a result, the unemployment rate has decreased while the income of each local settler decreased. In 2005, the country ranked second among the countries that have had the highest number of start-up countries during that year. As of the moment, the unemployment rate of the country sits at eight percent and its labor force consisting of almost three million people, has been divided in the field of public services, manufacturing, finance and business, commerce, transport, storage, and communications, construction, personal and other services, agriculture, forestry, and fishing. The country also enjoyed a significant increase of surplus and sufficiency in terms of food production. Among the most popular products of its arable land (comprising 17 percent of the country's total land area) are citrus, vegetables, grains, and cotton. Farming has also yielded significant stocks of beef, poultry, and dairy products. As a result, there was a relevant decrease in the materials imported to the country. Among these were raw materials, fossil fuels, and military equipment.

3. Increasing Foreign Investment
Foreign investors who start various businesses, particularly those that focus on the country's tourism sector, continuously buy real estate properties in Israel. Among the main areas in Israel where investors are obtaining their properties are Netanya, Raanana, Eilat, Jerusalem, and Herzlia Pituach. A particularly large number of these investors are British and French nationals.

Aside from beaches, theme attractions, and other tourist destinations; foreign investment in Israel has been dedicated to the improvement and transformation of various properties into factories and companies which focus on aviation, communications, computer-aided design and manufactures, wood and paper products, medical electronics, fiber optics, food, beverages, and tobacco, cement and other construction supplies, metals products, chemical products, plastics, diamond cutting, apparel, textiles, and footwear.