Buying a home in Israel and obtaining a mortgage is a very different process from that of the United States or Europe. You'll need the assistance of a lawyer and a realtor to negotiate and close your transaction.
According to Forbes magazine 2008, Israel is now the number one up-and-coming real estate market in the world. After a few years of recession from 2000 to 2004 the Israeli market is growing exponentially with demand exceeding the supply. Previous limitations have been relaxed and it is now easier than ever to purchase in Israel. Responsible banking and mortgage practices have been a sound foundation for this exponential growth in demand.