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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Olim, future olim, investors, current residents of Israel ready to move out of your rental home and buy your own property in Israel–the time is excellent to find your dream home at the price you can afford. Northern Israel offers some of the most beautiful, spacious properties. From new construction to re-sales, one bedroom apartments facing the sea, ancient apartments along the footpath of the Holy Ari, to expansive villas in the hills of the Galil, you are sure to find exactly what you are looking for. Contact us today to begin your search and let us help you move in to your new home in Israel.
Check out these feature properties:
Across from the beaches of the Kinneret, restaurants, within a few minutes walk of city center, new interiors, luxury building with elevators, security,amenities, private parking, views, views, views, one and two bedroom apartments, with balconies facing the Kinneret, are the perfect selection for a couple, or single, or investor looking for the best investment property in the city of Tveria. Prices vary according to number of rooms, floor, furnishings, etc., but range from 360,000 nis to 480,000 nis. This is truly one of the best buys in the city today.
Along the ancient footpaths of the Holy Ari, this amazing property in the most desirable area of the Old City of Tzfat is sure to give you one of the most unique living experiences you can have. There are original walls and stones dating back 200 years! Currently, the property is two separate apartments, but can easily be made into one. There is a garden, balcony, views, and the property is renovated. You can also buy just one of the apartments, both cover two floors, one is 40 sq meters and the other is 70 sq meters. NIS 1.6M for both apartments– move in condition!
Migdal has quickly become one of the fastest growing and most popular yishuvim in the Galil. With a long history of Israeli life, Migdal offers a quiet alternative to the hustle and bustle of the nearby city of Tveria. Located across from the Kinneret with breathtaking views of the Sea as well as Mt. Arbel, Migdal is the perfect place to raise your family or enjoy your vacations. This is a unique property, not only with upgraded and exquisite interiors, but it is being sold fully furnished with everything you need to simply move in… from furniture and appliances, down to silverware and bathrobes! It is a two-floor, townhouse style property, in a unit of 8 apartments, with a shared community pool. Constructed of wood and Jerusalem stone, each unit has 2 balconies from where to enjoy the views, private garden and space for storage. At the asking price of only NIS 850,000, this is a bargain not to be missed!
The Israel real estate market is booming. Everyone knows this. Prices continue to climb, but you can still capture some very good investment bargains in northern cities, such as Tiberias.
If you are looking to purchase a property that will perform well as a vacation home (or long-term rental), then the best location is as close to the Kinneret as you can find. These new apartments are located just across the street. Other than on the shore itself, you cannot get any closer. And, there is no private living on the shore of the Kinneret (Sea of Galilee), so this is prime real estate. These apartments are flying like hotcakes, as savvy overseas investors see the great potential for personal use and good investment returns from rental income.
Prices range from 350,000 shekels to 460,000 shekels and depend upon location, upgrades, if furnished or not, number of rooms (2 or 3), and if a parking spot is included. But don’t delay. These will be gone soon.
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.
Tiberias, or Tveria as it is known in Hebrew, sits on the shores of the beautiful Lake Kinneret (Sea of Galilee), in northern Israel. Surrounded by beauty from every side, this crown jewel of the Galil is fast becoming a favorite destination for new olim seeking to build their new home in Israel. This, combined with the fact that Tveria is the number one tourist destination makes for a city ripe with tremendous potential for real estate investors. Property prices are constantly on the rise, and property values are sure to grow considerably in the years ahead. The government of Israel is investing significant funds to improve infrastructure and attract business development. Now is the best time to purchase your investment property, while the prices are still very affordable, to capture the greatest return on your investment capital.
For instance, consider this apartment listed at a bargain-basement price, only NIS 250,000!! This is a studio apartment, completely refurbished, remodeled and beautifully furnished, in the heart of the city’s commercial district. A short walk across the street will bring you quickly to the shores of the Kinneret, waterfront restaurants, the marina, and a wide choice of water activities, including fishing and swimming. You cannot beat the location! While there is parking, one can easily throw away the keys and get to all the places in the city, as well as all the major points throughout the entire country of Israel, by public transportation. This apartment can be rented out long-term or for an even higher return, will make an excellent vacation apartment, sure to be booked all through the summer. NIS 250,000 will get you in on an outstanding real estate investment in beautiful northern Israel.