Housing prices have continued to rise this year, with the latest figures showing a 15 percent increase year on year, across the housing market. But every city has its own housing story, and what potential buyers are asked to pay can vary significantly.
Here’s a roundup of homes recently bought and sold nationally to keep you abreast of the reality on the ground. The information in this article was gathered through the Israel Tax Authority’s real estate research database.
1. In Jerusalem, on Hizkiyahu Hamelech Street in the Katamon neighborhood, a second-floor apartment, with three rooms, measuring 81 square meters in a three-story building dating back to 1940, was sold for NIS 3,150,000 ($977,584) in mid-November 2021. It is one of nine apartments in the structure, which has an elevator, but no parking.
2. In Beersheba, on Rimon Street in the northern part of the southern city, a 176 square meter, two-story house was sold for NIS 2,300,000 ($711,414) in March 2022. Built in 2013, the home has five rooms, as well as a yard measuring 230 meters square and a parking space.
3. In central Ra’anana, on Bar Ilan Street off the main artery of Ahuza, an apartment on the sixth floor of a seven-story building finalized in December 2021 was sold for NIS 2,800,000 ($899,742). The apartment has four rooms, with a net space of 98 square meters and a gross area of 138 square meters. The building has an elevator, and the apartment comes without parking.
4. In Netanya, on Natan Yonatan Street in the Ir Yamim district near the coast, an apartment on the first floor of a 15-story building of 50 apartments built in 2020 sold in February for NIS 3,850,000 ($1,196,024). The apartment has five rooms, covers 148 square meters, and comes with two parking spaces. It is a short walk from Poleg beach.
5. In Beit She’an, on Weitzman Street, a five-room apartment was sold for NIS 1,050,000 ($327,103) in February. The apartment is on the first of four floors in a building built in 1996, and measures 124 square meters. There is an elevator but, again, no parking.
6. In north Tel Aviv, in the old port area on Yordei Hasira Street, a short walk away from the shoreline, a number of apartments have been pre-sold in a building that is still under construction and due for completion in 2024. One of the three-room apartments in the building sold for NIS 11,610,000 ($3,560,258). The apartment is on the fourth floor of 10 and covers 122 square meters. The building will have elevators but the apartment comes without parking.
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