Ready to Buy Property in Israel?

Israel real estate prices continue to rise

According to the most recent report out of the Israeli Ministry of Construction and Housing, the price of a home in Israel continues to be more expensive. The report, issued last month, states that the average price of a home in 2015 was 6.2% higher than in 2014. Second-hand home prices rose more than new homes, averaging 7.1% more in 2015 over 2014, with new homes showing an increase of 1.1%. The average price for a new home in 2015 was NIS 1.628 million.

telavivnightTel Aviv continues to lead the country in terms of housing prices. The average price for a second-hand, 3 bedroom apartment in Tel Aviv in 2015 was NIS 3.37 million. According to Globes, the most affordable place in Israel for homebuyers is Tiberias, where according to the data they used, the average price for a second-hand, three bedroom apartment was NIS 761,700 in 2015.

Globes also reports that the best return on your investment is in Tiberias, with an average return of 4.3% on rental apartments. Rents are much lower in Tveria, making it an attractive city for renters, compared with an average rent of NIS 6,840 for a three bedroom apartment in Tel Aviv.

At the same time, a Globes Azimuth Advertising Survey reveals that more Israelis are looking to purchase a home and they are prepared to pay the the increased prices. This latest survey was conducted in January, 2016, covering the second half of 2015. The survey indicates a rise of approximately 45% in the proportion of Israelis house hunting. For instance, in the previous survey, 7.2% of respondents said they were considering a home purchase compared to 8.2% in the new survey. 8.2 percent responded that they were actively searching for a home compared to only 3.6 percent in the previous survey. More competition for housing means higher prices, so this is good news for sellers. At the same time though, the number of buyers seeking small apartments, such as one or two bedrooms, declined, indicating a general drop-off in investment purchases due to the higher purchase tax on investors. The evidence of this can be seen more clearly in the center, where investors were grabbing up these smaller apartments for vacation rentals. The survey also indicated that Israelis were willing to deal with the increasing home prices rather than sit out waiting for government reform policies that promise to bring prices down. In other words, confidence in government policies that will make housing more affordable is waning as Israelis face the consequences of reality.

5-bigIf you are looking to buy property in Israel, for living or investment, the best place is in northern Israel, especially in Tiberias, Katzrin, Tzfat and the many moshavim in the Galil. We offer our services to help you find the perfect home or land to help you fulfill your dreams. Please visit our Hot Properties page for samples of what is available in this beautiful area. But keep in mind, not everything is listed on the page. This is why we refer to ourselves as property finders. Tell us what you need, and we will find it for you! and help you save money too! To find out more about us, please visit our About page and then be in touch. We look forward to meeting you.

Ready to Make a Real Estate Investment in Israel?

 

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ONLY 650,000 NIS

This is a very affordable home in the Holy City of Tveria, located within a very easy walk to the city’s main shopping streets, the outdoor market (shuk), and downtown commercial center. The apartment is located in a neighborhood filled with synagogues, a mikveh, kollel, and several other places for learning day and night. Outside of the neighborhood, one can easily walk to Chabad House, two other historical synagogues on the waterfront, and the Karlin synagogue. Surrounding the neighborhood are the gorgeous hills of southern Tveria, where you can hike along trails and explore ancient caves, or hang out with the horses and cattle.

The apartment itself is a steal. Listed at only 650,000 NIS, this gem is on the second floor, 120 sq meters, 2 bedrooms, two balconies, kitchen, one bathroom with shower and a second bathroom with sink and toilet. You will love the view of the Kineret from the balconies. The property is in good condition, ready to move in or rent out. It would be a very good investment, as rental properties in this neighborhood are hard to find. Visit our Hot Properties in Tiberias page for more photos. ONLY 650,000 NIS

Contact us at galilproperties@gmail.com

Israel’s First Rent to Buy?

346316If Finance Minister Kahlon has his way, Israel will have its first “lease to buy” project. Working with foreign, primarily US, developers, the plan calls for an eventual construction of 10,000 apartment units that would be rented, by lottery, to couples who would pay upfront 10% of the purchase cost, and after 18 years would be owners of the property. These are new apartments, 4 bedrooms, 120 sq meters, to be built more quickly than is normal here in Israel. Financing would come from foreign banks. Here are the details of the proposed plan. Stay turned for its progress.

http://www.globes.co.il/en/article-israels-treasury-to-promote-home-lease-and-buy-plan-1001064583

 

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/

 

Homes for Sale in Sea of Galilee

Sea_of_galilee_dusk_from_tiberias_israelAre you looking to buy a home in the Sea of Galilee, known to us here as the Kineret? You can find no better place to buy real estate in Israel than in the beautiful northern communities, and chief among them is Tiberias, or Tveria.

Tiberias, the “city of water” was built in 17 BCE by King Herod and named in honor of the Roman Emperor. It was beautifully laid out and constructed along the shores of the Kineret, but for centuries Jews refused to live there due to the many graves upon which the city had been built. Around 135 CE Rabbi Shimon bar Yochai purified the city of the tumah associated with the graves. It became home to the Sanhendrin and a growing and thriving Jewish community of Tzaddikim, scholars, mystics, and farmers. In 1099, the Crusaders destroyed the city of Tiberias and erected a new city a little bit to the north, where you find it today.

Several centuries later Tiberias is a thriving and growing city, slowly becoming more cosmopolitan yet steadfastly retaining its distinct, primarily Moroccan charm. The waterfront is lined with kosher, gourmet restaurants, serving everything from all dairy to the tastiest meat. Boats and ferries leave the shores of the Sea of Galilee nightly, and throughout the night during the busy summer months. The new shopping mall is finally open, filled with shops and restaurants and all those looking for a climate-controlled place to exercise or relax. All around the skyline is filled with the cranes of new home construction and there is an excitement in the air as Tverians feel that their home is finally becoming a destination of choice not just for tourists but also for new residents and smart investors.

So, if you are looking to purchase your new home in the Sea of the Galilee, in northern Israel, and the Holy City of Tiberias, then you have come to the right place.

Build Your Home in Israel

800px-Dover_tverya17Dreaming of building your own home in the Holy Land?

Here is a rare opportunity to purchase private land (will be registered under you name in the Israel Land Records) and build your dream house the way you like it! A completely new neighborhood is underway in the very upper reaches of the city of Tiberias. Buy a lot and build your own home according to the style and price that you choose. Each lot is approximately 400 sqm, and there will be a total of 100 lots in the neighborhood. Each lot will be equipped with all utility lines. Your purchase price includes neighborhood amenities, such as synagogues, children’s playground, park, etc. You can walk to one of the most popular and large grocery stores and Big shopping center. Also, the higher elevation, means cooler summers!

If you are just now planning aliyah to Israel and love the idea of building your own home, this is a perfect option for you. Aliyah plans a year to two away? Perfect! Buy your lot now and build your house before you arrive. The are is filled with many good home builders. Or, come and build it with your own hands. Aliyah to the north is growing, especially to Tveria. Buildable land is become more and more difficult to find. Here is an opportunity to get in on the ground floor of a new neighborhood and take part in its shaping. Reservations are being taken now. This opportunity will not last long. Private land for building is a rarity here. Contact us at galilproperties@gmail.com for more details.

Home Prices in Tiberias on the Rise

tveria_03_A4Northern Israel is still the best place to buy property in Israel, and Tiberias (Tveria) is no exception. Like all of Israel, though, prices are on the rise. Private home or cottage properties can rarely be found for less than 1M shekels. New apartments begin around 860,000 nis and go to over 1M shekels. You can still find bargains. Here is the latest report on sales from the Tveria tax office. These are “sale” prices, not listing prices. Consider these levels when you are looking to buy property in Tveria, Israel.

  • avg price 3 rooms second hand: 434,000
  • avg price 3 rooms new: 683,000
  • avg price 4 rooms second hand: 666,000
  • avg price 4 rooms new: 927,000
  • avg price 5 rooms second hand: 823,000
  • avg price 5 rooms new: 1.12M