Affordable Four-Room Apartment With Safe Room Found Under $1.2 Million
Translated & summarized from Ice by baba
Housing prices in Israel are making homeownership difficult, with apartments in central areas costing millions. A recent sale in Be'er Sheva offers a glimmer of hope, with a 115-square-meter, four-room apartment including a safe room selling for 1.17 million shekels. This deal is part of a trend where prices decrease further from the country's center. Other recent sales across various cities show a wide range of prices for different apartment sizes and features.
The story in 5 lines · by baba
- A four-room apartment with a safe room in Be'er Sheva sold for 1.17 million shekels.
- Housing prices in Israel's Sharon region range from 3 to 3.5 million shekels for new apartments.
- Many Israelis are moving to the periphery to find more affordable housing options.
- A three-room apartment in Be'er Sheva sold for 700,000 shekels.
- Apartment prices generally decrease the further one moves from Israel's center.
Rising housing prices in Israel have made purchasing a home a distant dream for many couples. In the Sharon region, a new apartment can cost between 3 to 3.5 million shekels, and even with a 1 million shekel down payment, monthly mortgage payments can range from 10,000 to 12,500 shekels. To cope, many are choosing to rent or move to the periphery for more affordable options. Generally, the further one moves from the center of the country, the cheaper apartments become. However, exceptions exist, with cities like Harish being cheaper than many northern cities such as Nahariya, and even some southern cities like Ofakim, where prices are higher.
Recently, a deal was closed in Be'er Sheva for a four-room apartment priced under 1.2 million shekels, featuring a safe room and requiring a lower mortgage. The 115-square-meter apartment, located on Nachum Goldman Street in the Ramot neighborhood, includes a 12-square-meter balcony, is on the fourth floor of a four-story building, and comes with an elevator, parking, and a safe room. It was sold for 1.17 million shekels.
Other recent transactions reported by Remax include a 50-square-meter, three-room apartment on Avraham Avinu Street in Be'er Sheva's Neighborhood D, sold for 700,000 shekels. In the same city, an 80-square-meter, 4.5-room apartment on Ibn Gabirol Street in Neighborhood B sold for 1.02 million shekels.
In Ashdod, a 51-square-meter, 2.5-room apartment on Eilat Street in Quarter A was sold for 1.35 million shekels. A larger 146-square-meter, four-room apartment with a balcony, elevator, parking, and safe room on Heshvan Street in Quarter Yod-Bet sold for 2.28 million shekels.
Further transactions include a 85-square-meter, three-room apartment with a balcony, elevator, parking, and safe room on Kaplan Street sold for 2.37 million shekels. In Rishon LeZion, a 70-square-meter, three-room apartment on Ge'ulim Street with two balconies, and parking sold for 1.73 million shekels. Lastly, a 90-square-meter, four-room apartment with a balcony, elevator, and safe room on HaTayasim Street in Holon sold for 1.9 million shekels.