Sotheby’s International Realty now in Israel

The expansion of the Sotheby’s International Realty global network continues with the recent signing of a master-franchise agreement for Israel.

The owners of Israel Sotheby’s International Realty are Tomer and Isidora Fridman and Orna Gotslak, who already have an office in Tel Aviv and plan to open a second outlet in that city later this year, followed by additional offices in key markets across Israel over the next few years.

The expansion was prompted, says Michael R Good, CEO of Sotheby’s International Realty Affiliates, by Israel’s increasing status as a Middle East destination and as a top performing real estate market.

“Tel Aviv is the financial capital of Israel and a major performing arts and business center with the second-largest economy in the Middle East,” notes franchisee Tomer Fridman. “And with its close proximity to Europe, it has also become a very popular destination for second-home ownership.

“The country offers numerous ultra-exclusive residential projects by legendary architects including Richard Meier, and brands such as the Residences at the Ritz-Carlton, which is currently opening its first property in Israel.

“There is also huge demand for high-end projects from local investors and a strong need for a luxury real estate brokerage company such as Sotheby’s International Realty to be represented here. Indeed we believe it will soon become a force to be reckoned with in Israel’s real estate arena.”

Jason Rohde, CEO of Sotheby’s International Realty clients in SA, says the new agreement also holds advantages for the international company’s local clients. “There are quite a number of SA investors keen to purchase property in Israel, and we frequently receive enquiries from Israelis who would like to own property in SA. Having a Sotheby’s International Office in Tel Aviv means we will now have a direct connection to the property market in Israel and be able to facilitate these transactions much more easily.

“This is important because the intricacies of buying and selling property in Israel are not the same as in SA and one needs to be able to access local expertise.”  

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us