Home Real Estate Housing snapshot: Apartment sales and rentals across Israel

Housing snapshot: Apartment sales and rentals across Israel

by Ozva Admin

Here’s our regular roundup of houses bought and sold in recent months to keep you in touch with the realities of the Israel real estate market.

Information on sales was collected through the Israel Tax Authority’s real estate research database, which shows final prices paid for properties.

We have also included a selection of rental apartments currently on the market from the Yad2 platform.

The latest housing market figures show that prices increased 17.9% during the year to July 2022, compared to July 2021, with the largest increases in towns and cities in the central region. Meanwhile, new home sales have fallenand as interest rates rise, home loan costs are growing.

1. in Haifain Moshe Sharett Street, a five-room (four-bedroom) apartment on the first floor of a five-story building dating from 2009 sold for NIS 1,750,000 ($520,214) in late August. The apartment measures 126 square meters (1,356 square feet) and comes with one reserved parking space.

2. power on Herzl Boulevard in the heart of Tiberias, a four-room (three-bedroom) apartment sold in early September for NIS 1,400,000 ($396,806). The apartment covers an area of ​​139 square meters (1,496 square feet) and was completed this year. The unit is located on the third floor of eight, with 25 apartments in the building.

3. in Beersheba in Yehuda Halevi Street, a four-bedroom apartment on the ground floor of a building dating from 2001 sold for NIS 1,020,000 ($297,029) in early September. It measures 128 square meters (1,378 square feet) in a 17-story building with 102 apartments in total. There appears to be no outdoor area attached to the apartment.

4. power on Hazohar Street in north Tel Aviv, a four-bedroom apartment in a building completed this year sold for NIS 5,940,000 ($1,683,595). It measures 102 square meters (1,098 square feet) and is on the first of 11 floors in the building that contains 21 apartments in total. There is no reserved parking.

5. in Herzliya, a four-bedroom apartment sold at the end of August for NIS 8,500,000 ($2,409,184). is located in Ramat Yam Street, in front of the sea. The apartment measures 1,496 square feet (139 square meters) and is on the second of three floors in a building completed in 2016. There is no reserved parking.

6. In Givatayim in Israeli street Ben Zion in the city center, a four-bedroom apartment changed hands for NIS 4,170,000 ($1,210,801) in September. The unit measures 101 square meters (1,087 square feet) in a building completed in 2011 and is located on the second of eight floors. The apartment comes with a reserved parking space.

7. In Bat Yamin Rothschild Boulevard, a three-bedroom (two-bedroom) apartment sold in recent weeks for NIS 2,400,000 ($690,846). The apartment measures 85 square meters (915 square feet) and is on the fifth of six floors. The building dates back to 1960 and is located on the northern edge of Bat Yam, a reasonable distance from the sea.

8. ignition Ezra Street on the outskirts of the West Bank settlement Efrate, a six-room (five-bedroom) apartment measuring 250 square meters (2,691 square feet) sold for NIS 3,150,000 ($913,308) in mid-September. Built in 1995, the apartment is on the first of two floors with only three apartments in total.

9. in Ashkelonin Ma’ale HaGa’at Street in the northeastern section of the city, a five-room (four-bedroom) apartment sold for NIS 2,350,000 ($696,296) at the end of August. The apartment measures 146 square meters (1,572 square feet) and was built in 2015. The apartment is on the fourth floor of 12 and includes a parking space.

Rentals

These few weeks, as universities prepare for the start of the new academic year, we are featuring a selection of small rental apartments available in key university locations including Tel Aviv, Givat Shmuel, Haifa, Beersheba, Jerusalem and Ariel. All prices are per month and generally exclude utility bills, apartment management fees and local property tax (arnona).

looking to be close to tel aviv University, renters are entering a fiercely competitive market, with many vying for a place just to live in the city. The lowest rent we could find last week was NIS 4,200 per month ($1,190) to live Bograshov Street in a 30-square-meter (323-square-foot) studio. It’s a good location in central Tel Aviv, but it’s probably a long bike or bike ride to the university.

Close to Bar Ilan University, the cheapest place available for rent right now in Givat Shmuel Its on Gush Etzion Street with a studio on the ground floor for NIS 2,500 ($709) per month. The apartment covers 20 square meters (215 square feet) and comes at least partially furnished.

In Haifa, NIS 1,500 ($425) a month will get you a similar 20-square-meter (215-square-foot) studio apartment. The unit is on the ground floor of a six-story building in Hagiborim Street, on the side of the city center closest to the university and the Technion, but probably still a bus ride away.

In beersheba NIS 2,294 ($650) pays for a two-bedroom (one bedroom) apartment of 40 square meters (431 square feet) in Golomb Streetclose to both Soroka Hospital and Ben Gurion University.

In JerusalemAs in Tel Aviv, Hebrew University students are competing with many others who have more to spend on available rent. In the Sanhedriya neighborhood in Shaul Hamelech, relatively close to campus, a 20-square-meter ground-floor studio is marketed for rent for NIS 2,100 ($595) a month. The unit comes with three square meters of garden.

In the major West Bank settlement of arielin Efrata Highway, which is on the side of the city closest to Ariel University, a studio with a semi-separate bedroom (1.5 rooms) is available for NIS 1,800 per month. The furnished unit is 25 square meters (269 square feet) and is on the fourth floor.

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