Tzvi Shapiro

About Tzvi Shapiro

Tzvi first came to Israel in 1995 from Passaic, NJ. He completed his B.S. in New York at the Sy Syms School of Business at Yeshiva University before returning to Israel. Prior to co-founding First Israel Mortgage, Tzvi served in numerous managerial and operational roles spanning the banking and financial industries.

Jerusalem Post: Can the new government slow rising housing prices?

“The problem is a lack of supply in the housing market,” said the co-founder of First Israel Mortgages. “The only way to bring down prices is to build more homes.”
By ZEV STUB

JUNE 20, 2021 14:38

Israel’s housing prices continue to rise sharply, with no sign of slowing down. Last week, the Central Bureau of Statistics reported that […]

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Jerusalem Post: Overseas demand for Israeli homes rising ‘through the roof’

“While American Jews once looked at having a home in Israel as luxury, or a nice thing to have for the holidays, it is now seen as a necessity for those who can afford to purchase one,” Shapiro said.
By Zev Stub

MARCH 11, 2021 20:58

 
Demand for Israeli homes from overseas buyers has gone “through the […]

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How is your relationship with your Bank in Israel?

People who have great relationships with their bank often think they are getting the best financing deals available on the market. Think again. Take for instance the story that recently came through our office.

A wealthy gentleman here in Israel purchased a second property for $4.2 Million and applied for a mortgage with his bank. […]

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Moshe Kahlon and his Army of Landlords

Moshe Kahlon doubled down on his “Buyer’s Price” program which aims to turn thousands of young Israeli couples into landlords homeowners by announcing that the program will extend until the end of 2019. Speaking at the International Economic Forum hosted by Calcalist in Tel-Aviv the Minister of Interior said “those who are attacking the […]

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Aliya: When to take your mortgage in Israel

If you are planning on making Aliya and buying a home in Israel, it is important to consider when to take out your mortgage – either before or after making Aliya. There are advantages and disadvantages to each option, below are a few of the main points to consider:

Taking a mortgage prior to making […]

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Mortgage in Israel: Low interest rates = High mortgage rates?

When I saw my phone buzz at 5:30AM I knew it could only be one person. My client living in Singapore waiting to discuss a six million NIS approval was the only person who texts me at that time. Given than my wife had recently given birth to twins boys I happened to be […]

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The beginning of the end of the housing crisis?

The big news in Israeli real estate over the last decade has been the ever-increasing price of home ownership. Since May 2007 average home prices have risen by 108% while in areas such as Tel Aviv the rise has been even steeper. This has been attributed to increased demand due to factors including low […]

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“What’s the rate?”

As mortgage brokers, “What interest rate can you offer?” is the question we most commonly hear from our clients – and we can understand why. Prospective borrowers from most Western countries are accustomed to certain norms in the mortgage market such as financing only being offered in the local currency and standardized conditions amongst […]

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Top 5 mortgage tips and tricks

With the lack of transparency in the mortgage market in Israel one is likely to encounter misinformation and unnecessary “red-tape” when exploring financing options. As each of the banks in Israel have their own lending parameters we decided to share our favorite mortgage tips to make your home financing needs a reality:

1) No life […]

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Affordable Housing for all?

We have all heard it before: The price of apartments in Israel never seems to drop. Lately, Moshe Kahlon and Yoav Galant from the Kulanu party have staked their entire political reputation on increasing the affordability of apartments. Their solution: Mechir L’mishtaken, a program where the government auctions off land at a significant discount to developers willing […]

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