SHALOM FROM JERUSALEM
New Tax Laws
Existing New Projects
Many Jerusalem properties especially in the old established neighborhoods, have complicated registrations due to the time when the Turks and British ruled the area and the churches purchased plots of land.
If you want to purchase a property that was built and registered in that time period and the land is not freehold, we advise that you choose a Jerusalem lawyer with experience with these properties.
We are bringing in the New Year with new listings and new opportunities in a wide range of prices, as some of you are looking for a residential home and some for investments. The prices are relatively stable in Jerusalem as well as in the major cities, with an increase particularly in new projects as they come closer to completion.
As our newsletter listings are a small sample of our properties, you are invited to search our website for additional properties. Please check our archives on the website for previous newsletters for additional listings of properties not on our website and for properties out of Jerusalem. Still didn’t find what you want? Call or send an email. We are here to help you with your search.
Wishing all of you a Gemar Chatima Tova – may you be inscribed for a year of good health, simcha, prosperity and everything else you need, (especially a home in Israel).
NEW TAX LAWS
The Knesset has approved a number of significant changes to the tax laws on the purchase and sale of residential land and property and capital gains. The changes are complex and complicated, and need to be addressed on an individual basis. There are significant changes for non - citizen buyers and sellers. Some changes have gone into effect as of August 1, 2013 and some will be going into effect as of January 1, 2014. If you are considering a real estate transaction, we strongly advise that you consult with an experienced Israeli real estate attorney and/or a tax accountant to determine your tax obligation. New olim are the least affected.
1- Unique and Beautiful #1120 pic
A 410 sqm. authentic arab style house with very high beautiful arched ceilings, 6 bedrooms (5 with en suite bathrooms), private succah balcony off the master bedroom suite, all newly renovated on a very high level, 4 exposures, private entrance, and 265 sqm. garden areas. The property is being sold fully furnished, immediate occupancy,
Asking Price: $5,800,000
2- Charming Garden Apartment in Talbieh # 1046
This very charming & spacious renovated 2 bedroom garden apartment has a private entrance and is surrounded by a 120 sqm garden. The apartment is sunny, cheerful and airy with 3 exposures. The master bedroom has an en suite bathroom.
The apartment is being sold with all the appliances and furniture. You can move right in!
The apartment is set up for short term rentals. Centrally located on an exclusive street, it is a short walk to the Great Synagogue, the Old City, Emek Refaim and Old Katamon.
Asking Price: $910,000
3- Prime Neighborhood Garden Apartment #1031
A beautifully renovated 2 bedroom garden apartment, 90 sqm. + 120 sqm. registered private garden and a private entrance. This Old Katamon apartment is close to the Jerusalem Theater and a short walking distance from the Shteblach, Rechavia, Talbieh, hotels, shopping, and transportation.
Asking Price: $850,000
4- Spacious Apartment with Furnishings #737
Excellent Location!! Close to Shaarei Chesed, the Great Synagogue, the hotels and a short walk to the Old City. Elevator and Parking. The apartment is being sold with all the furniture and appliances. Just move right in!!!
Asking Price: $950,000
5 – Best Location #1114
In a small and pretty building in the German Colony, this 90 sqm 3 bedroom garden apartment is in good condition, bright, sunny and airy with 4 exposures, and a surrounding garden.
Located close to Emek Refaim and Rachel Emanu Street, it is a short walk to Old Katamon, Baka & Talbieh.
Asking price: 2,900,000 NIS
6 - Right Near the Old City # 891
Near the Old City, hotels and the City Center, 2 large spacious bedrooms, partially renovated.
Only 5 steps up. Ideal for office or residence.
Asking Price: NIS 1,340,000
7 - Nachlaot Charm # 974
Full of old-style Nachlaot charm and character -- high ceilings and thick walls, this spacious 3-bedroom, 2-bathroom cottage on 3 levels with a private entrance is waiting to be renovated.
2 of the bedrooms are very large and can be divided. There is a small succah balcony off the living room. The property includes a 15-sqm rental unit. There are building rights.
Asking Price: 925,000$
8 - New Duplex Penthouse #1107
A newly built duplex penthouse close to the Great Synagogue that is sunny, bright and airy.
The succah balcony is conveniently off the kitchen and LR area. The 1st level has the kitchen, spacious LR/DR and 2 bedrooms. The upper level has 4 bedrooms.
Asking Price: NIS 8,900,000
9- Close to Hotels & the Old City #1128
Three 3 bedroom apartments in the same building, each 137 sqm. One apartment is a garden apartment and is completely finished. The 2 other apartments were renovated with a high end interior design and finish, and will include a well equipped kitchen including appliances. The spacious balconies face an open view, are sunny and bright facing south.
Each apartment has a private storage room and parking place.
The lobby has a 24 hour security doorman. There is a synagogue on the premises.
The apartments are centrally located near the Great Synagogue and the Old City.
Asking Price: $1,180,000, $1,400,000 (garden apt)
10 - HarNof Dream Penthouse #1133
A beautiful duplex penthouse with elevator access on both levels. There are 5 bedrooms on 1 level. The master en suite includes a walk-in-closet. The kitchen, dining and living room areas are on the same level as the 100 sqm terrace overlooking the Jerusalem forest. The den/study on the same level can function as a master bedroom en suite.
Asking Price: NIS 4,200,000
EXISTING NEW PROJECTS – (Ready for occupancy – currently – 6 months)
11- History Plus Luxury #265
An existing luxury residential building of apartments, mini penthouses and a 650 sqm duplex penthouse. The building has a health spa, exercise room & 2 pools (1 for children), 3 Shabbat elevators, and succah accommodations for those apartments without a succah balcony. Storage room and parking are included in the price. In addition to the beautiful lobby, there is a business center and a lounge and play area for children.
Close to synagogues, shopping and restaurants, and the train, the project is a comfortable walk to the Old City & hotels. ¾ of the apartments have been sold. DON’T WAIT!!!
Available apartments: sqm is net
2 bedrooms - 94 sqm from NIS 2,900,000
3 bedrooms - 106 sqm from NIS 3,200,000
3 bedrooms - 140 sqm from NIS 6,100,000
4 bedrooms - 154 sqm from NIS 5,700,000
5 bedrooms - 234 sqm from NIS 10, 950,000
The apartments on the upper floors, the mini penthouse and penthouse have breathtaking views.
Mini Penthouse - 3 bedrooms, 133 sqm from NIS 5,770,000
The Penthouse – 650 sqm duplex (450 & 200) has terraces on each level. The 4 exposures with a wide open view of Jerusalem and the surrounding mountains is enthralling.
12- Three Bedroom and Penthouse Choices – website #1121- #1127
7 apartments are available in this high standard luxury new building close to Old Katamon, San Simon, Baka and the Greek Colony. All apartments have a master bedroom with an en suite bathroom. All but 1 have succah balconies. The price includes a storage room and 2 parking places.
3 bedroom apartments range in size from 115 sqm – 140 sqm. from NIS 2,900,000 – 3,200,000
Only 2 mini penthouse on a floor with large terraces and wide open views of Jerusalem
Mini penthouses - 140 sqm & 170 sqm. Price: NIS 5,200,000 & NIS 5,500,000
The 160 sqm penthouse is a spacious apartment with 4 bedrooms. The private apartment elevator takes you to the wood covered roof terrace and the pool. As expected, the view is amazing!
Price: NIS 7,500,000
13 - Website #1111 - #1113
This new project in the City Center, built with high technical specifications, still has a few apartments available. Located near Nachlaot and a short walk to the Geula, Meah Shearim and, of course, the Old City. The balconies on some apartments are not succah balconies.
1 bedroom apartment - 80 sqm NIS 2,362,560 no succah balcony
2 bedroom apartments are 103 & 105 sqm, NIS 2,991,720 & NIS 3,068,760. These have succah balconies.
3 bedroom apartment is 143 sqm. Price - NIS 4,275,720 no succah balcony.
2 Penthouses are available:
3 bedrooms -158 sqm Price - NIS 5,521,200 with a succah balcony
4 bedrooms -219 sqm Price - NIS 7,832,400 with a succah balcony
14- Join The Group #1132
Located near the entrance to Jerusalem, close to Nachlaot, Rechavia and the Geula area, and a comfortable walk to the Old City.
A purchase group is building a new project of 2 buildings, each 12 storeys. There are 25 apartments left for sale - 1, 3 and 4 bedroom room apartments. Apartments can be combined. The sqm is a net figure.
Occupancy in 36 months.
The apartment prices for the group are valid until the end of September.
1 bedroom - 48, 59 and 66 sqm from NIS 1,361,000
3 bedroom - 82 sqm from NIS 2,470,000
4 bedroom - 120 sqm + 100sqm garden NIS 3,200,000
15 – Classy New Project #1130
This new project of 2 buildings is planned to be ready for occupancy in 36 months. At this time, the apartments for sale are on the 1st – 12th floors. Each floor has 4 apartments - 2 three bedroom, 1 two bedroom and 1 four bedroom. The apartments have 12-14 sqm balconies. There will be an area designated for a succah to accommodate residents without a succah balcony. There are garden apartments available at this time.
The prices include a storage room and parking. The buildings will encompass a lovely park area.
Prices: 2 bedroom apartments – 72 sqm NIS 1,650,000
3 bedroom apartments – 92 sqm NIS 1,850,000
4 bedroom apartments – 112 sqm NIS 2,150,000
1 – Beautiful 3 Bedroom Rental #1119
Ganei Tzion - 4 rooms, 107 mtrs., renovated, A/C, MB suite, Low floor, Shabbat elevator, balcony, facing the park, long term. Near Old Katamon and San Simon
Monthly Rental: 7,500 NIS per month
2 - Luxurious Rental in Rechavia #1106
Luxury apartment! The entire 1st floor,4 exposures, top floor, magnificent LR DR, spacious kitchen, central A/C, alarm system, large Succah balcony. Available August 1, long term.
Monthly Rental: $4,500 per month