With the festivities and distractions over the High Holidays, the uncertainty of the incoming government, another rise in interest rates, signs of an oncoming recession, and a constant increase in antisemitism, fewer homes were sold during the month of October, yet prices seem to be hovering, and in some areas, even rising.
The following is a selection of real estate deals that took place in October 2022 that involved English-speaking real estate agents in Israel. The idea is to give our readers a general idea of the residential real estate market, property prices, and activities taking place around the country that relate to Israel real estate*.
Jerusalem:
A new 4-room apartment, 126 sqm, with a 16 sqm balcony, under construction on HaRakevet in the German Colony, was sold for 8,150,000 shekels (Buyitinisrael). A 3-room apartment, 60 sqm, located on the second floor out of three floors on Avshalom Chaviv in Armon Hantziv, sold for NIS 1,490,000. A 3.5-room apartment, 79sqm, located on the second floor out of three floors on 29 November in Katamon, sold for NIS 3,275,000. (Re/Max Vision).
Tel Aviv:
A 3-room apartment, 78 sqm, located on Moshe Sharet in North Tel Aviv, was sold for NIS 4,150,000 NIS.(Daon Group).
Netanya:
A 7-room penthouse, 280 sqm with a 100 sqm balcony, located on the 31st floor, on Ben Berman in Ir Yamim, was sold for 8,300,000 NIS (Home in Israel).
Ashdod:
A 5-room apartment, 125 sqm, located on the first floor out of seven floors on Nordeau in the First District, was sold for 1,900,000 shekels.(Re/Max Vision).
* The offices/agents mentioned represented either the buyers, the sellers, or both parties.
Follow Mabat ha’Shuk on Buyitinisrael to learn about the monthly real estate deals in Israel.
