Here’s our regular roundup of homes bought and sold over the last month to keep you in touch with the realities of Israel’s housing market. The information in this article was gathered through the Israel Tax Authority’s real estate research database, which shows the final prices paid for properties.
The latest figures this month show that housing prices have risen by 17.8% in July 2022, compared to July 2021, as new home sales and mortgage borrowing are down. The highest price rises have been seen across the towns and cities in the central region of the country.
1. In Jerusalem, on Rabenu Gershom Street, close to the Tel Arza and Geula neighborhoods, a four-room apartment sold in late July for NIS 3,500,000 ($1,080,430). The apartment measures 78 meters square (840 square feet) and is on the second of four floors in a building built in 1995 with a total of 12 apartments. The unit comes with reserved parking space.
2. In Beitar Illit, on HaRav Yaakov Mutsafi Street in the HaGefen neighborhood, a seven-room apartment sold for NIS 3,800,000 ($1,085,714) in late June. It measures 274 square meters (2,949 square feet) and is located in a building that dates back to 2008. The apartment is on the third of five stories, with six apartments in the building in total. There is no reserved parking.
3. Close to the center of Petah Tikva on Bruriah Bat Teradyon Street, a four-room apartment on the third of 13 floors sold for NIS 2,880,000 ($855,360) in late July. The apartment measures 98 square meters (1,055 square feet) and was built in 2015. There are 26 apartments in the building. The apartment also comes with a parking space and a yard measuring 372 square meters (4,004 square feet).
4. In Ramat Hasharon, on Remez Street not far from Park Ramat Hasharon, a four-room apartment sold for NIS 3,800,000 ($1,108,841) in mid-July. It measures 104 square meters (1119 square feet) and was completed last year. The apartment is on the fifth of six floors, one of a total of 26 apartments in the building. It does not include a parking space.
5. On Ha-Note’a Street in Tel Mond, close to the community center, a five-room apartment sold in late July for NIS 3,800,000 ($1,123,595). It was built in 2013 and measures 161 square meters (1733 square feet) on the first floor of three. There are 26 homes in the block in total, and two reserved parking spaces for the apartment.
6. In Karmiel, on Eshkolot Street in the center of the city next to the Galilee Park, a ground-floor apartment sold for NIS 1,148,070 ($341,078) in late July. It has four rooms and measures 114 square meters (1,227 square feet). The apartment is one of 11 in a six-story building that was completed in 2022.
7. In Afula, a four-room apartment on Hativat Kfir Street in the center of the city, sold for NIS 1,300,000 ($378,677) in mid-July. It has four rooms measuring 140 square meters (1,507 square feet) and was built in 2013. It is one of 27 apartments on the fourth floor of nine, and comes with one reserved parking space.
8. On Henrietta Szold Street, on the southern side of Kiryat Shmona close to Nahal Az’riel and the HaZahav Park, an apartment in a building built in 1970 sold for NIS 1,100,000 ($339,564) in mid-July. The apartment has five rooms covering 140 square meters (1,507 square feet) and is on the first of two floors in a building that contains just four apartments. It has no parking.
9. In Kiryat Bialik on Dafna Street, a four-room apartment sold in mid-July for NIS 1,015,000 ($293,777). It measures 100 square meters (1076 square feet) and was built in 1970. The apartment is on the top floor of a four-story block containing eight apartments in total.
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