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Four Tel Aviv Apartments Sold for Over NIS 1 Million Each

By TheMarker נדל"ן
Translated & summarized from TheMarker by baba
The story · English

Four three-room apartments in Tel Aviv were recently sold for prices exceeding NIS 1.25 million each. The article does not provide specific details about the exact sale prices or the locations of these apartments within the city, but it highlights a significant transaction in the Tel Aviv real estate market.

The report is part of a broader discussion on the Israeli real estate market, touching upon various related topics. These include the rising cost of living in kibbutzim, the need for a minimum household income of NIS 20,000, and the success of a "Pinui-Binui" (evacuation-construction) project in Jerusalem attracting the Haredi community. It also mentions a comparison of apartment prices in Tel Aviv versus Jerusalem and the potential for purchasing properties outside central areas at the price of a four-room apartment.

Further context is provided by discussions on investment opportunities in Poland, the S&P 500 index for Israeli investors, and mutual funds tracking banking indices. The article also briefly touches upon the dollar-to-shekel exchange rate and the financial performance of companies like Sunflower, which reported $4 billion in revenue and significant profits, and the potential $500 million investment by Eyal Ofer in an Israeli casino games company.

Read the original at TheMarker
Full coverage · 2 outlets
First: Ice · Sep 18

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