The housing market in northern Israel is strong, evidenced by sales and rising prices. For new residents, and savvy investors, northern Israel is THE best place to plant your family or savings. However, as with all things, there is the time to catch the wave and the time to miss it. From just a few years ago, prices for some properties in Tiberias for instance, have doubled. So, if you are looking to make a purchase with a small budget, there is no better time than the present, and this present time will never come again. There is no evidence of any downturn or slowing of the market in this sector of the country, especially as Israel continues to face a housing shortage.
Here is a new listing in Tiberia, as an example of a good buy with limited resources. The apartment consists of 2 bedrooms, salon, dining area, balcony and full bathroom. It is completely upgraded with new, porcelain ceramic tile floor in kitchen, dining and salon, and wood flooring in the bedrooms. The stovetop is built into the counter, and when you buy the apartment you also receive all the furniture, appliances and furnishings! The building is located directly across from beaches, and within an easy, enjoyable 5 minute stroll from the heart of the city and all the other amenities. The apartment is currently rented, until spring, so it is perfect for an investor or someone looking to secure a home now for aliyah later. The building has 24-hr security, parking, Shabbat elevators, minyan in the lobby, exercise room, and more. Only 390,000 shekels, or, at today’s exchange rate, just a little more than $100,000 USD.
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