TEL AVIV, Israel: Benjamin Netanyahu’s youngest son is set to make a financial loss on his three-bedroom property in Oxford, Declassified can reveal.
He used his parents’ money to buy the leasehold in 2022. But after moving back to Israel, he has been struggling to sell the apartment for months – and has reduced the asking price by almost 20 per cent. Avner Netanyahu bought the property after changing his surname to Segal – his grandmother’s maiden name – and is thought to have lived there while doing a master’s degree.
Reports say that the £502,500 purchase price narrowly avoided the threshold set by the Israeli Tax Authority to report overseas property.
Segal told reporters in Israel that the money had come from his parents, adding: “And I don’t apologize for that.” He put the apartment back on the market just 16 months later, in February this year, for £620,000.
But despite its location in a private, gated complex in an affluent Oxford neighborhood, Segal has struggled to sell the property. The asking price has been reduced to £500,000, which would equate to a £2,500 loss.
Details of the property purchase were analysed by Declassified in collaboration with Israeli newspaper Calcalist.
Declassified is not publishing the full address, or photos of the property’s exterior, to protect the privacy of other residents – although both are already in the public domain.