Israel Enters Top 10 Foreign Real Estate Investors in Europe and the US in 2024

Israel has emerged as one of the world’s top investors in commercial real estate across Europe and the United States, according to the 2024 annual report by Jones Lang LaSalle (JLL). As reported by The Jerusalem Post, Israeli investment in the European property market reached $2.33 billion—an increase of 78% compared to 2023's $1.3 billion.

Strategic Leap in Global Rankings

Ynet adds that in 2024 Israel outpaced traditionally active jurisdictions like Singapore, Canada, South Africa, and Switzerland, climbing into the global top ten. The only countries ahead of Israel in JLL's ranking are the US, France, the UK, Sweden, Spain, and Germany. Israeli capital was especially active in logistics, office, hotel, and residential rental segments.

Experts point out that this growth is driven not just by the volume of transactions, but by a shift in investment strategy. Pension funds, insurers, and public developers are moving from opportunistic purchases to long-term strategic investments. Most transactions are now executed via SPVs in Western and Northern Europe.
“Israeli investors are no longer just experimenting—they’re acting strategically,” said Ziv Mor, Head of Investment at JLL Israel.

US Real Estate: Focus on Logistics

In the United States, Israeli investors poured $578 million into commercial real estate in 2024. Of that, $400 million was directed at logistics—warehouses, distribution centers, and industrial parks. The rest went to office properties ($169 million) and retail ($10 million). Analysts note the growing appeal of logistics amid the e-commerce boom and the search for stable assets.

Georgia: A Rising Destination

Israelis also doubled their property purchases in Georgia, with over 1,500 real estate acquisitions in 2024—twice the number in 2023, according to Newsru.co.il.
In Batumi, transactions grew by 55% year-over-year in Q3 2024, driven by tourism growth, infrastructure development, and high rental yields. The hotel sector proved especially profitable, outperforming traditional rental housing.

Reasons for the boom include Georgia’s visa-free regime, low taxes, affordable prices, and simple residence permit options.
"After October 7, many Israelis are seeking a second home—Georgia offers a sense of security," said Batumi-based agent Tina Meravishvili.

Why Israeli Capital Goes Abroad

This global expansion is driven by a mix of internal and external forces. Foreign markets offer more predictability, currency stability, and higher potential yields compared to domestic assets.
Rising inflation and geopolitical risks in Israel are pushing capital overseas. A stronger shekel in early 2024 has also made foreign assets more affordable.
"This isn’t just a reaction to crisis—it’s strategic capital management," says cross-border economist Eitan Shenker.

Israel Real Estate Outlook 2025

According to JLL’s Global Real Estate Outlook, 2024 was a year of recovery for global property markets. Deal volume rose 11% in the US, 14% in Europe, and 5% in the Asia-Pacific region. Investor favorites include logistics, rental housing, student accommodations, and digital infrastructure (data centers).

Outlook for 2025

JLL analysts expect Israel to maintain or strengthen its global presence in 2025, especially as geopolitical instability continues and institutional players focus on "hard" real assets. Strategic diversification and risk management are shaping a new era for outbound Israeli capital.