Or Yehuda Apartment Prices Soar, 4-Room Unit Sells for 1.85 Million Shekels
Translated & summarized from TheMarker by baba
A 100-square-meter, four-room apartment in Or Yehuda sold for 1.85 million shekels, including a parking space. The agent stated that a year ago, a similar price would have bought a smaller, three-room unit without parking. Price decreases are most noticeable in apartments without a protected room.
The story in 5 lines · by baba
- A 4-room apartment in Or Yehuda sold for 1.85 million shekels.
- The apartment is 100 square meters and includes a parking space.
- A year ago, a similar price would have bought a 3-room apartment.
- The apartment lacks a balcony and a protected room (Mamad).
- Price drops are notable in apartments without a protected room.
A four-room apartment on the seventh floor in the old center of Or Yehuda was recently sold for 1.85 million shekels. The apartment, located on Sa'adon Street near the Or Yehuda mall, spans 100 square meters and includes a parking space. It lacks a balcony and a protected room (Mamad), though the building has an underground shelter.
According to the real estate agent involved in the transaction, a similar price point a year ago would have secured only a three-room apartment in the area, often without an elevator or parking. The agent noted that price drops are particularly evident in apartments lacking a protected room, such as the one recently sold.
