Foreign buyers put off by high prices

2012-02-02 7

Buyers aren't the only ones exasperated about the high home prices in the country: People attending a Tel Aviv real estate fair targeting foreigners also complained that prices here are too high. Real estate agents at the luxury housing fair, hosted at the Hilton Hotel, said there was a lot of interest from attendees. Many of the people attending, however, complained that homes here were too expensive, said agents. Sylvia, from Belgium, said she was looking to buy apartments for her two children. "I think prices in Israel are expensive, and that's surprising," she said. "If we can't buy an apartment, how can the Israelis?" Despite the interest at the fair, Yossi Ben Haim, of the Colony real estate agency in Jerusalem, said he was not optimistic about foreign buyers returning