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Jerusalem records Israel’s most expensive housing deals

by Euro Times
December 29, 2024
in Business
Reading Time: 5 mins read
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This 12 months, as a substitute of summing up the 12 months within the luxurious housing market, “Globes” lists the most costly offers in Israel’s 10 greatest cities. Within the comparability between the cities, Jerusalem stunned this 12 months, by recording the most important offers in Israel, whereas Tel Aviv was in second place, by a big margin. Nonetheless, since offers and particularly luxurious transactions, are reported late to the Israel Tax Authority, the image could but change.

Jerusalem: Two properties bought for greater than NIS 60 million

In Jerusalem in 2024 there have been 17 offers during which houses have been bought for NIS 15 million or extra. The largest deal in Israel’s ten greatest cities was at 1 Dubnov Avenue within the Villa Sherover advanced the place an eight-room, 437 sq. meter house with a 234 sq. meter roof space was bought for NIS 62 million.

Near the Jerusalem Theater, the Van Leer Institute and the President’s Residence in Talbieh, the patrons are international residents. The house was designed by Jerusalem’s Yoma Architects. Villa Sherover was inbuilt 1954 and the brand new mission contains two six flooring buildings joined collectively. Yoma says that the design serves a double goal: “Full preservation of the historic Villa Sherover and development of recent buildings that respect the architectural rules of the villa whereas creating distinctive high quality within the essential city house that surrounds it.”

Additionally in Jerusalem, an house in a brand new mission at 1 Basel Avenue was bought for NIS 60 million. Many of the costly offers within the metropolis have been for between NIS 20 million and NIS 29 million.

Tel Aviv: 309 sq. meters on the thirty first flooring for NIS 42 million

In Tel Aviv greater than 50 offers have been recorded in 2024 of greater than NIS 15 million. The largest housing deal within the metropolis was for a home in Afeka, which was bought for NIS 49 million. In response to the Tax Authority the 676 sq. meter home, which was inbuilt 2011 and has parking for 2 vehicles, is at 10 Yoav Avenue.

Three different offers for greater than NIS 40 million have been signed in Rothschild 10 tower, a mission being constructed by Tidhar and anticipated to be occupied subsequent 12 months. The most costly of them is a 5-room 309 sq. meter house, on the thirty first flooring, which was bought in August for NIS 47 million. Two different related residences have been bought for NIS 45 and NIS 42 million. The primary ten flooring of the constructing will home a 140-room resort with, and the flooring above will comprise 50 residential residences. The constructing is situated between Rothschild, Herzl and Lilienblum Avenue, and the advanced additionally contains 5 buildings for conservation.




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Haifa: Common worth of NIS 4 million in unique neighborhood

In Haifa, housing costs have risen by 11% in only one quarter of 2024 however the costly section of the market within the metropolis could be very restricted. There was only one deal in Haifa over NIS 10 million – the sale of a home at 7 Hof Hashinhav Avenue in Denya. The seven room, 360 sq. meter home was bought for NIS 10 million. The home has parking for 2 vehicles. In response to Madlan knowledge the common worth of a house in Denya is NIS 4 million and there have been solely eight offers within the neighborhood in 2024.

Rishon Lezion: A home in Nahlat Yehuda bought for NIS 12.5 million

In Rishon Lezion there have been solely two housing offers for greater than NIS 8 million in 2024. In one of many offers a 400 sq. meter, five-room semi-detached home with parking for 2 vehicles in Ortal Avenue was bought for NIS 8.1 million. There was an excellent larger deal within the Nahlat Yehuda neighborhood on Avraham Zvi Huberman Avenue the place the Tax Authority reviews a home was bought for NIS 12.5 million. No extra particulars have been offered.

Petah Tikva: A home in Kfar Ganim bought for NIS 12 million

One of the crucial shocking costly housing offers in 2024 was in Petah Tikva at 8 Partizanim Avenue in Kfar Ganim Aleph the place a 428 sq. meter, 11-room home with a 576 sq. meter yard and two parking areas was bought for NIS 12.392 million. This was the most costly deal within the metropolis over the previous 5 years though based on Madlan the deal displays a worth of NIS 29,000 per sq. meter, solely barely above the common of NIS 27,000 per sq. meter within the metropolis.

Netanya: NIS 37 million paid for penthouse in Briga Towers

In Netanya, there have been eight offers value greater than NIS 10 million in 2024 together with an house in Briga Towers at 5 Ehud Manor Avenue in Ir Yamim, which was bought for NIS 37 million. The 497 sq. meter, five-room penthouse house is on the thirty third flooring close to the seafront. In November 2023, one other penthouse within the mission was bought for NIS 36.6 million.

Ashdod: A five-room, twenty ninth flooring house close to the ocean bought for NIS 8 million

At 1 Egoz Avenue a 236 sq. meter, five-room, fifth flooring new house with a 133 sq. meter roof space was bought for NIS 9 million. The second most costly house bought in Ashdod was at 5 Hadekel Avenue close to the ocean. On this deal a 455 sq. meter, five-room house on the twenty ninth and prime flooring was bought for NIS 8 million.

Bnai Brak: A prime flooring 160 sq. meter house was bought for NIS 5 million

Over the previous three years no significantly costly offers have been reported in Bnai Brak. The most costly deal within the metropolis was at 10 Admor Meradzamin Avenue the place a 5 room, 160 sq. meter, sixth flooring house with parking was bought for NIS 5 million. Two different offers at related costs have been reported in Bnai Brak in 2024.

Beersheva: A home in Ramot Daled for over NIS 5 million

The one deal in Beersheva for greater than NIS 5 million in 2024 was the acquisition of a home at 3 Hatmuna Avenue in Ramot Daled. The six-room, 327 sq. meter home on a 750 sq. meter lot was bought for NIS 5.3 million. The home is a 15 minute stroll from the College railway station.

Holon: An house in a TAMA mission for NIS 8 million

In Holon in 2024 there have been 11 offers for greater than NIS 5 million. The most costly deal was the sale of a 168 sq. meter, six-room, ninth flooring house at 17 Uri Almog Avenue within the 370/heh neighborhood for NIS 7.5 million.

In one other deal, an outdated home slated for demolition on a 2,000 sq. meter lot was bought for NIS 8 million.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on December 29, 2024

© Copyright of Globes Writer Itonut (1983) Ltd., 2024




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Tags: dealsexpensiveHousingIsraelsJerusalemRecords
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