Buy this Affordable Property in Israel

We will leave the discussion of whether property prices are coming down or going up to the banks and financial experts. To this date, we are not seeing a cooling down of real estate market prices, except in the center where the home prices were already inflated.

The north has already been a much more affordable place to buy real estate in Israel, and it continues to be the region of choice for savvy property buyers.

Here is a great example of the kind of affordable homes on the market in northern Israel.

This property is located in Tiberias, Israel. It is a gorgeous apartment, being sold fully furnished. It has been meticulously cared for and is in excellent condition.

The apartment is located on the 2d floor of a two-floor building, housing only 4 apartments. The views from the living spaces are absolutely stunning. The kitchen is modern, with plenty of cabinetry and counter space and eat-in table. There is a separate dining area and large salon from where you can watch the sun rise over the Kineret as you enjoy your favorite morning drink.

There are 3 bedrooms, including a master bedroom with full bathroom. There is a second full bathroom. Contact us soon at galilproperties@gmail.com to arrange a viewing.

Only 825,000 NIS.

 

 

 

Buy Apartments in the Galilee, Israel

private home in safed, israel

private home in safed, israel

Prime Minister Binyamin Netanyahu was in the Galilee (Galil) yesterday to lay out his vision and future funding for developing the north of Israel, in the Galil. The Prime Minister wants to see the north develop like the south, where there has been a huge building rush of houses and businesses. Along with all of that great development, there has been a corresponding increase in the price of homes.

At present, one can still buy apartments or homes in Israel, in the north, for very reasonable prices. And, even though government ministries and the Bank of Israel predict a slowing down of the real estate market in Israel, an infusion of residential and commercial development in the north will automatically increase property values and heat of the home sales market. Now is a good time to buy real estate in Israel, in the north, especially in places such as Tzfat, Tiberias, Migdal, Yavne’el and the moshavim surrounding the Kineret.

Prime Minister Netanyahu promised government investment in building a future in the Galilee, meaning jobs, training, and housing, with a focus on strengthening entrepreneurship. He also spoke about the relocation of industries to the north, which will bring immediate employment opportunities. Netanyahu said that the government also intends to build civil infrastructure, increase and enhance medical facilities in the Galil and engage in a campaign to bring new residents to the cities of the Galilee. All in all, it sounds very good.

 

Buying Property in Israel?

Have you been sitting on the fence, looking at real estate in Israel but not yet taken the plunge? It could be that your hesitancy is working to your advantage. No guarantees of course. In this business, the real estate landscape can change quickly. But, in a very interesting Globes article interviewing Avi Tiomkin, a consultant on international hedge funds, real estate prices in Israel are declining, and in time, the prices you see on the market will more accurately reflect reality. According to Tiomkin, the prices we see now are a result of the combined efforts of Israeli banks and developers to keep prices higher, but Tiomkin believes this scheme is coming to the end of its life.

Tiomkin points to a number of indicators, such as a significant drop in housing sales, especially in the luxury market, a tremendous slow-down in demand by overseas investors and speculators, and a soon-to-be influx of new housing stock on the market. He paints a potentially gloomy picture too, depending upon the actions or inactions of the Ministry of Finance and the Bank of Israel. I am sure both will do everything they can to keep the real estate market in Israel strong.

Bottom line: we are entering a true buyers’ market. Should you sit it out longer? Maybe, but it could also be that the scenarios Tiomkin paints do not materialize, or are short-lived. It can also be that while you sit it out waiting for prices to fall further, someone else comes along and grabs your dream home. We suggest a little of both. Be careful about checking the market, doing research on comps, getting a second opinion on the true worth of the property and then jump in.

private home in safed, israel

private home in safed, israel

 

Government Cracking Down on Landlords

israel-irsOwn or Planning to Buy Investment Property in Israel?

Make sure you report!

Medinat Israel is getting serious about apartment owners who do not report rental income. Today in Jerusalem, a 36-year old yeshiva student was indicted for failure to report 1.36M in rental income from five units that he owns and rents out. He was charged with fraud under income tax and real estate laws. The report does not state if he is a dual citizen. Bottom line…Israel is the best real estate investment market in the world. But the days of black money may be coming to a close. Be careful.

Buy This Gorgeous Property in Yavne’el, Israel

This slideshow requires JavaScript.

Yavne’el is a stunning yishuv (village) in the lower Galilee valley, around 15 minutes southwest from the city of Tiberias. Yavne’el was founded as an agricultural co-op, or moshav, but today, while you can still see cows and sheep grazing on the hillsides, it is quickly becoming a community of choice for families who want to be near the Kineret (Sea of Galilee) and amenities of the city of Tiberias, yet far away from the crowds, noise and traffic. The yishuv is coming alive not only with new housing and synagogues, but also with shopping and eateries. Gone are the days when Yavne’el residents have to travel to Tiberias for all their shopping needs.

Within Yavne’el are a few different neighborhoods, one of which is Smadar Ilit, nestled in the hills overlooking the yishuv, the Kineret and the mountains of the Galilee Valley. It will remind you of southern California, but for a fraction of the price.

In Smadar Ilit you will find the exquisite villa, with gorgeous interiors, breathtaking views and nothing but luxury to surround you. It will be like living at a vacation spa, all the days of your life. 180 sqm of high-class living space, 5 rooms, master bedroom, swimming pool, jacuzzi and spa, all on a half dunam lot. The price is unbelievable! Only 2.3M NIS. It will sell quickly . Be in touch now to schedule a viewing, galilproperties@gmail.com.

 

Affordable Real Estate in Israel

Affordable Real Estate Can be Found in Northern Israel

Everyone is watching their budget these days and Israel real estate buyers are no exception. If you skim the real estate listings, it might seem that the idea of buying property in Israel is just a dream. And, in fact, if you concentrate your search to the center of Israel, it just may be that this is the sad truth.

20160705_174946

Come north to the beautiful, wide open spaces of northern Israel. Here you can still find affordable property in Israel. The north offers city living, town living, or country living. You can buy an apartment, townhouse, or private villa, land or a farm. If you are thinking about investing in the Israel real estate market, northern Israel is the best place to plant your investment money. As little as 280,000 shekels can get your foot inside the Israel real estate investment door. The return will be much better because your purchase price will be much lower.

20160629_130903Prices in the north are rising, just like they are all over Israel. Yet, for affordable housing in Israel, the north is still your first choice. Prices range from 500,000 to over 1M shekels, depends upon size, location, views, and whether furnished or not. On our “Hot Properties” page you can find something to suit your budget and taste. Visit us often, sign up for email alerts, and let us help you find your affordable real estate in Israel.

20151224_121952