You don鈥檛 need a millionaire's salary to buy an apartment in Israel. You simply need the right parents, or the courage to take a highly leveraged mortgage. According to the State Revenues Administration, the average gross household income of homebuyers in 2011 was NIS 14,
nntpd,400 - not an income from which it is easy to accumulate the hundreds of thousands of shekels in equity needed to buy a home, without supportive parents or a generous bank. Investors are not necessarily tycoons, either. The average gross income of Israelis who bought apartments for investment was NIS 22,300 in 2011.
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