About Norman Shapiro

Originally from Scranton, PA, Norman moved to Israel in 1995, and is fortunate to live here with much of his extended family. A graduate of Yeshiva University, Norman has been in the financial sector his entire career – starting with the commodity trading giant, Philipp Brothers in New York. He brings a creative viewpoint to the mortgage business, with the unique ability to find the best solution for his clients.

Going the Extra Mile: How a First Israel Mortgage Broker Made the Difference

A client came to First Israel Mortgages with the following situation; they purchased a property for a large sum of money two years ago.

They were unable to obtain a mortgage at the time of the purchase, but the seller was willing to extend a ten-year payment plan.

The terms of the plan included onerous interest […]

By |January 19th, 2022|Points of Interest|0 Comments

Housing Prices in Israel on the Rise

The price of residential real estate in Israel has risen by over 10% in the last 12 months, with steady increases forecast for the future.

The major reason for this substantial price increase is higher demand that significantly exceeds the housing stock available.

According to Israel’s Central Bureau of Statistics, the price of a typical 3 […]

By |December 27th, 2021|Israel Real Estate News|0 Comments

Before You Apply for a Mortgage in Israel (Part 1 of the Israel Mortgage Primer series)

So, you’re ready to take the plunge. and…purchase a property in Israel.

You know where you want to buy, how big a property you need and roughly how much it will cost. You also know you will need a mortgage to finance the purchase… and that’s where you start to get nervous.

How much will I […]

Number of Apartments Purchased by Foreign Nationals Rising

We are in the middle of a pandemic, and it’s been almost two years since foreign nationals have been freely able to visit Israel, making it very difficult for them to personally view properties prior to making a purchase.

Despite the difficulties, foreigners purchasing property in Israel has reached record levels.

Much of this growth can […]

By |December 27th, 2021|Israel Real Estate News|0 Comments