Sotheby’s Israel Opening

With continued expansion of the Israeli real estate market, Sotheby’s International Realty today announced the opening of Israel Sotheby’s International Realty. From Ron Hershco to Yitzchak Tshuva, many Israelis are investing in Israeli real estate. Launching Sotheby’s Israel is Tomer and Isidora Fridman. The team plans to expand throughout Israel.

“Israel is a critical part of our growth plan as it represents an extremely important destination in the Middle East,” said Michael R. Good, chief executive officer, Sotheby’s. “Tel Aviv is a melting pot of cultures that continues to expand dramatically.”

“Israel has long been one of the top-performing real estate markets in the world,” he said. “With its close proximity to Europe, it has become a very popular destination for second-home ownership. The country offers numerous internationally renowned ultra-exclusive residential projects by legendary architects including Richard Meier, and brands such as the Residences at the Ritz-Carlton, which is opening its first property in Israel.”

The Sotheby’s International Realty network currently has nearly 12,000 sales associates located in approximately 600 offices in 45 countries and territories worldwide. Israel Sotheby’s International Realty listings will be marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs.

“Real estate will continue to thrive in Tel Aviv – the market is only going up,” said Ron Hershco of Hershco properties.

Filed Under: BusinessJewish business News

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