Buying property in Israel?
The price lull is over, so now is the time to buy your property in Israel.
Many potential home buyers sat out for a while, waiting for the proposed 0% VAT proposal to become law, but since it failed to materialize, at least for now, properties are once again flying off the market. This means that it is again a seller’s market, prompting savvy home buyers to move forward with their plans to buy an apartment in Israel or any other residential real estate.
According to a February 18, 2015 Globes report, apartment sales increased by 22% in the 4th quarter of 2014, for a total of 8,200 new apartments, the highest amount since 2002. However, this spurt in sales was not experienced in Tel Aviv or Jerusalem, but in periphery locations.
Northern Israel continues to be the best place to plant your capital, whether it be buying a home for living or investment. The prices are going up, as is the case all over Israel, but in the Northern Israel real estate market, you can still find a good deal.
Consider this one:
140 sq meters
3 bedrooms, 2 full bathrooms
minutes from the Kinneret (Sea of Galilee) and city center
surrounded by synagogues
in one of the most desired neighborhoods of Tiberias
only 900,000 NIS
In the center, this house would be at least three times as much. Contact us today to find out more about this property and other outstanding real estate deals in northern Israel.