SHALOM FROM JERUSALEM
There are many real estate opportunities available in Israel today; serious sellers are looking for serious buyers. In this newsletter, we highlight 9 properties in Jerusalem and 3 in other major Israeli cities.
Are people buying property in Israel now?
ANSWER: 4.926 billion shekels in mortgages were borrowed by Israel property buyers in July 2012, reported the Bank of Israel. This is the largest amount of mortgage funds ever issued in Israeli history, and an increase of 25% over the previous month. The interest rate currently remains at a low 2.25%
VAT to increase
Value Added Tax (VAT) in Israel will be raised from 16% to 17% as of September 1, 2012. VAT is applied to sales of new construction (but not resales), as well as certain real estate-related goods and services such as lawyers’ and agents’ fees; charges for building professionals such as contractors, engineers or plumbers; home furnishings, etc. Read a Jerusalem CPA's analysis of how this increase will affect you, the consumer.
Coming to Israel for the Holidays? Contact Eiferman Properties to set up appointments to see apartments.
Looking for an investment or residential property in the Nachlaot – Rechavia – Talbieh – Kiryat Shmuel – German Colony area?
Budget from: NIS 1,600,000 - 2,800,000?
Four selections out of many:
1. RECHAVIA – Asking Price: NIS 1,900,000.
Two apartments being sold together, private entrances, one 50 sqm and the other 30 sqm, renovated, each with an outdoor deck on a quiet tree lined street.
Rental Income: NIS 8,000-10,000 per month
2. NACHLAOT (Rechavia) – Asking price: NIS 2,800,000
Beautifully renovated 115 sqm 3 bedroom apartment, master bedroom suite, bright, airy, quiet, with succah balcony, near Shaarei Chesed and the Great Synagogue.
3. TALBIEH – Asking Price: NIS 1,880,000
A 50 sqm, 1 bedroom apartment, furnished and renovated to a high level. Great central location on a small quiet green street. Ideal for short term rentals.
Rental Income: $100-150 per night or NIS 6500 per month for long term.
4. KIRYAT SHMUEL
One Apartment with Three Purchase Options!
A magnificently renovated 1 bedroom 58 sqm apartment, fully furnished, with a private entrance and a 70 sqm gated garden that is for private use, on a quiet tree lined street.
This apartment has an option of expansion to 105 sqm.
A) Apartment + Garden, fully furnished
Rental $700-800 /week short term OR $2000 /month long term
Price: NIS 1,950,000
B) Apartment + Garden + adjacent area to build 2.5 rooms
C) Apartment + Garden + 2.5 room expansion completed
Value: Approximately $1,100,000
Budget from: NIS 3,000,000 - 13,000,000?
Five selections out of many:
5. NACHLAOT – (Rechavia) – Asking Price: $990,000
UNIQUE!! A newly renovated 135 sqm townhouse renovated to a high standard. 5.5 rooms (4 bedrooms), 2.5 bathrooms with a large 40 sqm entrance courtyard,
Includes all appliances & built-ins (bookcases etc). Option to purchase completely furnished.
Dining area (roof retracts to make a very convenient succah)
Beautiful and efficient kosher kitchen with 2 stoves & 2 sinks
2 bedrooms, both with en suite facilities
Large linen closet
2 small balconies
6. NACHLAOT – (Rechavia) – Asking Price $2,200,000
A charming, renovated 270-sqm cottage on 4 levels with its own private elevator. 6 bedrooms. Private entrance. 3 exposures. Beautiful gated courtyard.
Originally a single-family home, currently organized as 6 self contained short term rental units, each 1 bedroom plus bathroom + kitchenette.
7. RECHAVIA/TALBIEH – Asking Price $995,000
Renovated in an appealingly warm style, a very attractive 3 bedroom, 121-sqm apartment with 2.5 bathrooms. The Succah/sun terrace of 14.5 sqm leads out to a garden. Private land. Centrally located.
8. GERMAN COLONY – Asking Price: $1,350,000 "as is."
Garden duplex with private entrance via a large 100 sqm garden in use.
Entrance Level - 90 sqm -
1 master bedroom + large open living/dining/kitchen area with atrium + guest bathroom
1st floor - 40 sqm
2 bedrooms and bathroom, plus 17 sqm terrace. Possibility to expand for an additional 2 bedrooms.
Plentiful on-street parking. Views to Mount Zion in the Old City.
Residential area, very private, yet close to Emek Refaim Street and the Talbieh neighborhood.
Asking Price: $2,200,000 after complete high quality renovation.
9. GERMAN COLONY – Asking Price $3,000,000
A one-of-a-kind property – 380 sqm penthouse cottage with a private entrance, very high ceilings, lovely entrance hallway, large open public areas and very large bedrooms, 4 exposures, 2 succah balconies, garden and private parking.
For the discerning buyer looking for the unique home.
PROPERTIES OUTSIDE OF JERUSALEM
10. TEL AVIV
Opportunity to purchase, in a “to be constructed” building, the rights for two 120 sqm apartments, each with parking and large balcony. The apartments can be sold separately. Located in an exclusive part of north Tel Aviv near the sea, the building will have 20 apartments and should be ready for occupancy in 3-4 years.
The owner is part of a group that purchased the land. The building plans have been approved. There will be bank financing and guarantees.
The price for purchase of the owner’s rights is NIS 3,000,000 for each apartment. It is estimated that the cost of building will be approximately an additional NIS 1,000,000 per apartment.
2 bedroom 85 sqm apartment with 3 entrances, in a historic building from 1929. Additional 65 sqm balcony facing the sea plus a 30 sqm garden registered in TABU. Renovated and fully furnished. Located in Teveria’s Old City, between the promenade and the central station.
Asking Price: NIS 1,400,000 including complete contents
Join a group purchase to build 6 apartments in a 3 storey building, a five-minute walk to the Old City.
Two apartments on each floor. Each 3 bedroom apartment is approximately 100 sqm and has ample succah space. One of the bedrooms has a bathroom en suite. Each apartment has 3 exposures, faces a beautiful open view and comes with a storage room.
Possibility to combine apartments.
Prices: Garden apartment NIS 913,500
1st floor NIS 829,500
2nd floor NIS 861,000
See more properties.
THINKING OF SELLING? Jerusalem properties needed for buyers and investors. Contact us for a free appraisal.