Israeli Housing Market Sees Strong Demand for Apartments With Safe Rooms
Translated & summarized from Vesty by baba
Apartments with protected rooms (MAMADs) remain in high demand in Israel's real estate market, despite overall stagnation in second-hand sales. Recent transactions reported in October show prices ranging from 925,000 shekels for a 3-room apartment in Beersheba to 1.84 million shekels for a 3-room unit in Rishon LeZion. The data, compiled by "Calcalist" from "Remax" and "Anglo-Saxon," covers sales across cities like Harish, Beersheba, Ofakim, and Haifa.
The story in 6 lines · by baba
- Israeli apartments with protected rooms (MAMADs) maintain high demand despite a stagnant housing market.
- A 5-room apartment with a MAMAD in Harish sold for 1.59 million shekels.
- A 3-room apartment with a MAMAD in Rishon LeZion sold for 1.84 million shekels.
- A 5-room apartment with a MAMAD in Ofakim sold for 1.735 million shekels.
- Beersheba saw 3-room apartments sell for prices between 925,000 and 985,000 shekels.
- Transactions were reported by "Calcalist" based on data from "Remax" and "Anglo-Saxon."
Despite a general stagnation in Israel's second-hand housing market in recent months, apartments equipped with protected rooms, known as MAMADs, continue to experience high demand. This trend is highlighted by recent real estate transactions reported by the economic portal "Calcalist" on October 20, based on data from agencies "Remax" and "Anglo-Saxon."
In Harish, a 5-room apartment measuring 112 square meters with a 12-meter balcony, elevator, parking, and a MAMAD on Rakafet Street sold for 1.59 million shekels. A 4-room apartment of 96 square meters on Zait Street, also featuring a 12-meter balcony, elevator, parking, and MAMAD, was sold for 1.31 million shekels. Additionally, a 3-room apartment of 78 square meters on Hevruta Street with similar amenities sold for 1.25 million shekels.
Further transactions include a 3-room apartment of 78 square meters on Elkabetz Street in Rishon LeZion, which sold for 1.84 million shekels, including a 12-meter balcony, parking, and a MAMAD. In Beersheba, a 3-room apartment of 75 square meters on Avraham Avinu Street fetched 985,000 shekels, while another 3-room apartment of 79 square meters on Wingate Street sold for 925,000 shekels. A larger 4-room apartment of 140 square meters with a 14-meter balcony, elevator, parking, and MAMAD on Nahal Prat Street was sold for 1.43 million shekels. A 3.5-room apartment of 80 square meters on HaTzvi Street sold for 1.1 million shekels.
In Ofakim, a spacious 5-room apartment of 150 square meters with two balconies (8 and 15 square meters), parking, and a MAMAD on Taltan Street was sold for 1.735 million shekels. In Haifa, a 5-room apartment of 120 square meters on Zalman Aran Street was sold for 1.25 million shekels.
