As Russia’s invasion of Ukraine intensifies, gas prices reach all-time record highs, and inflation increases the already exorbitantly high cost of living in Israel, home sales continue at a rapid rate and prices rise as local buyers and foreign investors fear being closed out of the market.
The following is a selection of real estate deals that took place in March 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 5-room apartment, 150 sqm with two balconies totaling 80 sqm, located on the 7th and top floor on Derech Hebron, sold for NIS 6,100,000. A private plot of land, 1,600 sqm, with a private house of 189 sqm, and with building rights up to 240 sqm, located on Moshav Beit Zayit, was sold for NIS 7,450,000 (Re/Max Vision).
Tel Aviv:
A 4-room apartment, 93 sqm, with a 12 sqm balcony, located on the 4th floor on Tzefat Street, was sold for NIS 5,950,000 (Daon Group).
Modi’in:
A 4-room apartment under construction with 2 balconies totaling 22 sqm, located in the new Moreshet neighborhood, was sold for NIS 3,008,000. (Buyitinisrael Real Estate).
Bat Yam:
A 3-room apartment of 76 sqm, with a 9 sqm balcony, located on the 16th floor out of 43 floors in a Pinui Binui project in the Ramat Yosef neighborhood of Bat Yam, was sold for NIS 2,258,500. (Buyitinisrael Real Estate).
Netanya:
A 4-room apartment, 113 sqm, located on the fifth floor out of ten floors, on Ben Eliezer in the city center, was sold for NIS 1,730,000. A 5-room apartment, 138 sqm with a 14 sqm balcony, located on the fourth floor out of 14 floors, on Beni Berman in Ir Yamim, was sold for NIS 3,650,000. (Homeinisrael).
Ramat Beit Shemesh:
A 5-room penthouse, 139 sqm with a 30 sqm balcony, located on the ninth and top floor in Neve Shamir, RBS Hey, was sold for NIS 3,240,000. (Elite Israel Realty).
Ma’ale Adumim:
A 6.5-room apartment, 200 sqm with a large garden of 200 sqm, located on floors -3 and -4 on Mitzpeh Nevo Street, was sold for NIS 3,320,000. (Re/Max Atid).
Ashdod:
A 4-room apartment, 110 sqm on the third floor out of nine floors, located on Elisha HaNavi, 11thDistrict, was sold for NIS 2,145,000. (Re/Max Together).
Ariel
A 4-room garden apartment, 91 sqm with a 100 sqm garden, on the ground floor out of two floors, located on HaPisga Street, was sold for NIS 1,620,000. (Nadlan Ariel).
* 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.
The Buyitinisrael team includes industry experts, journalists, researchers, editors, and translators, all working together to provide reliable, up-to-date information about the Israeli property market in English. With a focus on transparency and accessibility, the goal is to empower English-speaking buyers by helping them understand the market and navigate the real estate process with confidence.
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