Looking to purchase real estate in North Israel? The mystical, holy city of Tzfat (or Safed) is quickly becoming a destination of choice for newcomers and investors. The new teaching hospital and regional trauma center will bring hundreds of jobs to the city and region. Housing choices are unlimited, from ancient dwellings hundreds of years old, to modern high-rises, to spacious villas with gardens and breathtaking views. Come visit us today to find your dream home in this very special city high in the mountains of northern Israel. Here is a great video to inspire you.
In the stunning yishuv of Migdal, straddling the waters of the Kineret and Mt. Arbel, is an amazing opportunity to own private land in Eretz Yisrael. Both plots are zoned agricultural, so if you grab one (or both) now, you can fulfill the mitzvah of Shmitah!!
Migdal is near to Tiberias and on the way to Tzfat/Haifa and other points north. Both lots are roughly 1.8 dunam. You can apply for use change, and actually one would be excellent for commercial use as a roadside inn or restaurant. Or, plant trees and other crops and enjoy your farm in Israel. They also make perfect bar/bat mitzvah presents for the children, or for long-term investment. 216,000 NIS
Live in much desired community of Yavne’el, just 15 minutes from Tveria, 10 minutes from the beaches of the Kinneret, nestled in the valley of the Galil and enjoy this beautiful, 130 sq meter, 5 room, spacious, airy, private home, on half a dunam of land, with a gourmet kitchen and lots of other very special features.
The community of Yavne’el is a very special, peaceful and inspiring one of families, synagogues, community activities, containing a wonderful mix of natives and olim from all over the world. Homes for sale or rent is a rarity in this community and this property is sure to disappear from the market quickly. Only NIS 1.3M.
Supervisor of Banks Dudu Zaken on Monday issued new restrictions to mortgage banks regarding the amount of money a home purchaser must put down, and how much a bank can finance a home for.
Beginning in November, banks will be able to finance only up to 70% of the cost of a home with a mortgage. That is the maximum possible mortgage; the Bank of Israel would prefer to see mortgages of no more than 60% of the value of a home. Homebuyers will have to either come up with the rest in a down payment, or use other vehicles if they wish to borrow more money.
An exception will be made for individuals or families that have never owned a home before; they will be able to borrow up to 75% of the cost of a home. In addition, if a buyer already owns an apartment or home and is not selling it in order to buy a new home, and intends to hold onto it as a second property, banks have been instructed not to provide them with more than 50% of the cost of a home.
Until now, there was no limit on the size of a mortgage a homebuyer could get for any property. The rules apply to both Israelis and foreign residents.
The rule change is perhaps the most ambitious – and certainly the harshest – measure that the government has taken to lower housing costs. In a statement, the Bank of Israel said that in the past few years, easy credit has encouraged many more people to buy properties, and has fueled the sharp rise in housing prices in Israel. In addition, the Bank said, the rule change will help Israel avoid the types of housing and property bubbles that have caused havoc in economies around the world, from the U.S. to numerous European countries, to China.
Gorgeous private home in the very popular Neve Oranim quarter, just minutes from the
city center of Tzfat.
The villa is 150 sq meters, and sits on a very spacious lot of 225 sq meters. There are 5 rooms over two floors of beautiful and open
living space, with a mirpeset (balcony) on 2d floor. The master bedroom is ensuite, plus there are two additional bathrooms, a shower and tub. The interior of this home is exquisite, with beautifully tiled floors, spacious granite countertops in the kitchen, and many special and upgraded features
The neighborhood is one of
upscale, private homes, synagogues, trails for walking, breathtaking views and
bus transportation is easy and accessible. This is an excellent place to raise your family and enjoy the pristine air of the hills outside the mystical city of Tzfat.
Here is an article from today’s Arutz 7 regarding new investment in the city of Tzfat.
Northern Israel is one of the most beautiful and pristine areas of Israel and it is the best place to purchase a home when coming on aliyah, or to purchase an investment property that will be sure to return a good income. In Tzfat particularly, where the prices are still very reasonable, the market is about to soar. Homeowners will benefit from increasing property values and investors will benefit from increasing returns on investment expenditures. In nearby Tveria, on the shores of the Lake Kinneret (Sea of Galilee), home owners are already benefiting from an increase in market value. You can still find affordable homes, but this city has experienced the most dramatic increase in property values and prices in all of Israel. All of this is to say— Buy Now! Contact us right away to help you locate the best home or investment purchase you can make, tailored to your needs, with the goal of life-long satisfaction. See our “Hot Properties” page for a sample of the latest listings. See you soon!
Tzvi Ben Gedalyahu
The New York Federation-UJA groups are investing $250,000 in the northern city of Tzfat (Safed) to turn it into an international heritage site.
Tzfat is one of the four traditionally holy cities in Israel, the others being Jerusalem, Hevron and Tiberias.
A 36-person senior Federation-UJA delegation met with Tzfat Mayor Ilan Shohat during a tour of the city and the country.
The new project, prepared by the Reut Institute, is based in part on the unique assets of Tzfat, such as its storied heritage, the Old City, and its new medical school. The project also aspires to encourage business and entrepreneurship throughout different sectors in the city.
“New York’s Jewish community attaches great importance to strengthening the periphery of Israel as part of ensuring its thriving future,” said David Mallach, Managing Director of COJP at the UJA-Federation of New York.
“The new project in Tzfat is an important pilot for us in our efforts to build strong and successful Israeli communities,” he added.
A central part of the new project is its plan to build and renovate community centers around the city. The centers are to be constructed or rebuilt in all six districts of the city and will feature activities in all areas of life for residents of all ages, including arts and crafts, sports, professional training, development and participation in municipal decision-making processes.
The building and renovation of the community centers is expected to begin in 2013.
Elul 18, 5772, 05/09/12 02:15
There are still bargains to be had in Israeli real estate, in areas in the north and south of the country known as “the periphery” – but they’re unlikely to last long, new numbers from the Central Bureau of Statistics show. Sales of apartments in the center of the country, and especially in Tel Aviv, were down in July, but sales in the south and north were up – with sales in the latter more than doubling in July over the number of sales in June.
Numbers are not in yet for August, but real estate experts said in several interviews with Israeli media on Tuesday that they believed the trend would continue, into the fall and winter. Agents in places like Be’ersheva, Ashkelon, Netivot, and Dimona all reported a significant increase in queries from potential buyers, while in the north, buyers are expressing interest in the suburbs of Haifa and other areas, including Pardes Hanna and Or Akiva.
Much of the interest, experts said, is due to the easy connections to the Tel Aviv and Jerusalem areas via Road 6 and Israel Railways– perhaps, the experts said, the most important growth factors in the expansion of the periphery. Speaking in an interview, Asher Goldenberg, a top official in the Azorim real estate development company, said that “prices in the north were always more attractive than prices in the center of the country, but a major change has taken place in recent years to raise prices to levels similar to those in the center. Much of this is due to new infrastructure, and especially transportation infrastructure.
“For example, the opening of the Carmel Tunnels and the extension of Road 6 north to the Somekh Junction brings the Haifa area much closer to the Tel Aviv area,” Goldenberg said. On Sunday, the Ministerial Committee for Interior Affairs authorized an extension of Road 6 northwards. The new section, when completed, will extend to the Somekh junction, just east of Haifa. Currently, the road ends about 20 kilometers south, at the Tishbi junction.
Similar extensions are planned for the southern end of Road 6, with plans to extend it south of Be’er Sheva – placing once far-removed communities like Dimona and Ofakim within commuting distance of the centers of employment. Prices are already higher, real estate experts said – and as Israelis get the message that they can live in once far-flung communities and commute back and forth to work in a reasonable amount of time, more people will be buying in these communities, with prices rising as well.
Israel Real Estate Homes & Investments has real estate to fit every pocketbook. Check out our “Hot Properties” page for some examples and contact us today at firstname.lastname@example.org to find out more about buying real estate in northern Israel– apartments, houses, villas, zimmer businesses, hotel, land, commercial space, investment properties… whatever is your dream…. we will help it come true!