The Biden Presidency and Israel Properties
Today, Wednesday 21st January, Joseph Biden will become the 46th President of the United States of America.
What will be the impact for American Jews wishing to buy homes in Israel?
Truth is, very little.
The US will continue to be a malchut chessed - a gracious Kingdom - and a safe and prosperous home for Jews who live there.
American Jews will continue to be successful and will continue to trickle to Israel on Aliya.
The most important question is how will the American economy fair and how strong the dollar will be against the Israeli shekel
It's obviously too early to know. What is clear though, is that America does face some economic challenges.
To begin with, it has a huge public debt. It also hasn't yet gotten on top of covid, and until it does economic outlook will be turbulent.
Despite the recent gains by the shekel, American Jews are still wealthy and able to buy homes in Israel.
This is unlikely to change, though houses will be more expensive as prices are going up.
Therefore, if you are looking to buy a home in Israel, now is always the right time to do it.
There are also opportunities to open real estate businesses here.
We're looking forward to talking to you about the different options you have.