Want to Buy Property in Safed, Israel?

old-city-safedIf you are holding out for a new apartment in Safed, there is some great news for you.

Seventy-five acres were purchased recently by two frum developers at the top of the Canaan neighborhood in Tzfat. Plans are to build 2,000 apartments for the frum community. Safed, or Tzfat, is already home to thousands of chareidim, who enjoy not on the great mystical and holy atmosphere of this beautiful city in the mountains of northern Israel, but also the great home prices. Whereas across Israel, the price of apartments has been leaping upward, in Safed, they remain affordable.

As with all new projects, quite a bit more work needs to be done with the city planning and zoning offices, but the good news is that the ink is dry and the process is moving forward. Stay in touch with us to be kept up to date, and to learn about making a reservation once the project arrives at that point.

Check out our Tzfat page for a sample of properties available in Safed, but keep in mind, that many properties are not listed here. We are expert property finders. Just be in touch, tell us where you want to live (in the Galil) and we will find it for you!

 

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

 

Hot Property to Buy in Safed, Israel

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For all you searchers of property in Safed (Tzfat) Israel, here is a property you do not want to miss! Extremely affordable, perfect location, views, and currently rented, meaning you would have income right away until you are ready to move in yourself. Here are some brief details: 4 rooms (3 bedrooms) 2 bathrooms, one with a tub!, 7th floor (but one elevator entrance is on 3rd floor giving you a very easy climb on Shabbat and Yom Tov), just off the midrachov and close to everything you need and want to do in this Holy City of Tzfat. If you are looking to buy property in Safed, Israel, you need look no further. Be in touch right away at galilproperties@gmail.com to learn more, see more photos, and arrange for a viewing. Asking price is only 790,000 NIS.

Buy Investment Property in Israel–Guaranteed Returns

Here is an interesting analysis of why rental prices are high in Israel, and continue to increase. While not such good news for tenants, it is one reason you should continue investing in real estate in Israel. Your property value will only increase and you can count on good rental income. Take a look at our property pages and be in touch with us today to help you find your new home in Israel or your real estate investment in Israel.

http://www.ceisrael.com/israeli-rents/

 

Thinking to Buy Property In Israel?

 

IMG_4013-700x525From a distance, it may look as if things are a bit troubling over here. But, in fact the opposite is the case. A new coalition government, daily explosion of medical and scientific discoveries, new communities taking shape, thousands of olim returning, expanding energy supplies and a happy, healthy population makes Israel the best country in the world with a strong future until the end of time.

This would be a good time to buy your property in Israel. If you are not organized yet to come and live, stake your claim and buy your home in Israel now, rent it out until you are here, and earn some good income from it.

Dreaming of building your own home in Israel? An exciting project is taking shape in the Holy City of Tveria…more about this later.

Take a look at what the experts are saying, don’t just take it from me.

http://www.globes.co.il/en/article-fitch-affirms-israel-ratings-1001034809

 

Dreaming of Living in Israel? Buy This Amazing Private Home in Safed, Israel

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It will be difficult to find a more luxurious, dreamy home than this private villa in the heart of the Old City of Tzfat, near to ancient synagogues, the Artists Quarter, kever of the Holy Ari, plus more of this Holy City’s religious and historic attractions.

The house covers 350 sq meters, plus a 50 sq meter courtyard, has two balconies/terraces, four jacuzzis, seven to eight bedrooms, depending upon how you utilize the space, spacious living and dining rooms, large, kosher kitchen (plus a second kitchen), radiant heating throughout, marble floors, luxurious interiors and upgrades, and all the special charm of the old houses of Safed. Oh, yes, and the views…awe inspiring! This property is sure to fulfill your every dream about living in the mystical, Holy City of Safed. $3.5M