David Azoulay Group Offers 100,000 Euro Loan to French Jews Making Aliyah
Translated & summarized from i24NEWS French by baba
The David Azoulay Group is offering a 100,000 euro loan to French Jews immigrating to Israel to assist with apartment down payments in Netanya. Launched amid rising antisemitism in France, the offer aims to ease the financial transition for new immigrants. The loan covers the down payment for apartments in the STORY Gali Yam project, with the balance due upon delivery in 2027. The initiative seeks to support those making Aliyah by alleviating financial pressures associated with selling property abroad.
The story in 5 lines · by baba
- David Azoulay Group offers a 100,000 euro loan to French Jews immigrating to Israel.
- The loan assists with down payments for apartments in the STORY Gali Yam project in Netanya.
- The offer is a response to recent riots and antisemitic incidents in France.
- New immigrants receive four months to finalize affairs in France before paying the balance.
- Apartments in the project start at 2,710,000 shekels, with delivery expected in early 2027.
The real estate development and construction group David Azoulay has launched a special offer for Jews in France looking to make Aliyah, or immigrate to Israel. The company is providing a 100,000 euro loan to help these individuals secure a down payment for an apartment in the STORY Gali Yam project in Netanya. This initiative comes amid recent violent riots in France and a rise in antisemitic incidents, which have heightened feelings of insecurity within the Jewish community.
The four-month loan is intended to cover the down payment, giving new immigrants time to finalize affairs in France, arrange their move, and potentially sell their existing home without needing costly bridge loans or forfeiting their Israeli property. Under the offer, the remaining balance for the apartment purchase will only be due upon delivery of the homes, scheduled for early 2027. For example, four-room apartments in the project start at 2,710,000 shekels, with a flexible payment plan designed for a smooth transition.
Netanya was chosen as the project's location due to its long-standing reputation as a hub for French immigrants. Its proximity to the sea and a vibrant French-speaking community, complete with synagogues, shops, and businesses catering to French speakers, make it a natural choice for many families. The STORY Gali Yam project itself is situated near the beach in the developing Gali Yam neighborhood, comprising three residential towers with approximately 300 apartments ranging from three to five rooms. The development includes eco-friendly construction, panoramic sea views from higher floors, and a 2,000 square meter ground-floor shopping center.
David Azoulay, president of the group, stated that families immigrating to Israel due to insecurity should not face additional financial hardship. He emphasized that the loan allows them to purchase property in Israel now, without immediate access to their full down payment, providing them with the necessary time and financial support to make the move confidently. Azoulay added, "Israel is the home of every Jew, and we are here to ensure its doors are wide open to them."