In this episode of On The House, we sit down with Marc Reiss, Deputy Managing Director of Private Banking and International Activities at United Mizrahi Tefahot Bank, to uncover the intricacies of Israel’s banking system. With decades of experience in global finance, Marc shares his deep understanding of how Israeli banks cater to foreign residents and new immigrants. From the importance of opening an Israeli bank account to the customer-focused nature of local financial institutions, Marc explains how Israel's banks provide a level of intimacy and personalized service that sets them apart from their international counterparts.

Marc also dives into key mortgage considerations, including loan-to-value ratios, the role of global income in determining eligibility, and the steady demand driving Israel's housing market. Highlighting the emotional and ideological motivations behind many property purchases, he paints a hopeful picture of the opportunities available to buyers despite current market challenges. Whether you're a first-time buyer or a seasoned investor, this episode provides valuable insights into navigating the financial landscape of Israeli real estate.

For more information, you can contact Marc Reiss at marc.reiss@umtb.co.il.

If you're interested in purchasing property in Israel, visit Buyitinisrael.com to explore new projects, access expert advice, and stay updated on the latest real estate news. For help finding your home in Israel or with any inquiries, reach out to the Buyitinisrael Team at office@buyitinisrael.com

The information provided in this podcast is for general informational purposes only and should not be considered legal, financial, or professional advice for any specific transaction. Listeners are encouraged to seek guidance from qualified professionals before making any decisions or entering into transactions based on the content discussed.