BUT the prices are climbing!
According to the Housing Ministry, as published in a recent YNet News article, the best real estate deals are in Northern Israel. Compare the price of a 4 room (3 bedroom) apartment in the center to one in the north, especially in Tiberias, and you will see that the best deal for your money is going to be in the north. Why spend a fortune for a tiny apartment when, for the same price, you can buy a spacious apartment (maybe even a villa), with stunning views of Lake Kinneret (Sea of Galilee), the Golan, the hills and valley of the Galil, and live in a quiet, peaceful environment with plenty of room for the family to grow, explore and enjoy the beauty of nature. See http://www.ynetnews.com/articles/0,7340,L-4379685,00.html for the full article.
A review conducted by the Housing Ministry’s Economic Analysis and Information Division, which included real estate transactions executed in 75 major communities across the country, examined the average price of an apartment in the first quarter of 2013 according to the number of rooms and geographical region.
In northern Israel, the average price of a second hand three-room apartment stood at less than NIS 500,000 ($140,000). Apartments could be purchased for this sum in the first quarter of the year in the cities of Tiberias, Tirat Carmel, Migdal Haemek, Ma’alot, Nazareth Illit, Akko, Afula, Safed, Kiryat Ata, Kiryat Yam and Kiryat Shmona.
The price of a second hand four-room apartment stood at less than NIS 700,000 ($195,000) in the cities of Tiberias, Migdal Haemek, Nazareth Illit, Afula, Safed and Kiryat Shmona. The price of a new four-room apartment stood at less than NIS 800,000 ($225,000) in the cities of Beit She’an, Tiberias, Migdal Haemek and Afula.