Investment/Commercial

Here is an exciting opportunity to become active in the successful boutique hotel business in Tzfat. This is an exquisite, luxury hotel property in the Old City of Tzfat, near the Artists Quarter. There are eight suites, all with jacuzzi tub and balconies where guests can enjoy the stunning views of the mountains of Meron. Suites are a combination of doubles and family. Nothing needs to be done to this property. It is ready for purchase and you can start making money right away. Certainly, if you choose, you can make modifications to the property, but nothing is necessary… it is in perfect condition. 400 sq meters, not including outdoor space. Lobby and outdoor patio can be rented to concessionaire for additional income. $2 million

Here is a chance to step into a successful zimmer business located right on the midrachov in Safed, across from the entrance to the Artists Quarter of the Old City. The zimmer consists of 2 guest rooms, bathroom, salon and kitchen. A total of 50 sq meters, fully furnished and being sold “complete,” including access to business records. You can add a second floor above, and make it a 4-bedroom zimmer, or sleep above and use the lower floor as is for business income. The zimmer is active and booked through the end of the year, earning a very nice return, with minimal effort. (income reports available upon request) With a little more aggressive marketing and advertising, you could easily double the income. Maintenance and other overhead costs are very low, meaning that more of the bookings income is profit. You can’t beat the location, right off the most popular and well-known street in Safed. Guests love the convenience of being able to walk everywhere in the city, as well as the historic Old City, synagogues, restaurants, galleries and other tourist attractions. It is a bargain investment property at this price. 800,000 NIS

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Buying Property in Israel is Getting to be More Expensive

While you can still find good deals on affordable homes in northern Israel, buying property in Israel is not as cheap as it used to be. Even though fewer contracts were closed in the past quarter, prices are not coming down. In fact, sellers are raising their prices. The main problem is the lack of housing stock. And, the lack of private land available for sale upon which to build. Investor purchases have slowed, but this has nothing to do with the price of homes and everything to do with the new tax structure.

Our advice is that you lock in your home in Israel now, because the prices are not going to come down, and you will have an investment that will increase in value. Even if you never live in the home and sell it, you will make some money. Best is to buy now and come when you are ready. Or better yet…come now!

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