Golan Heights Cottage Sells for Record 6 Million Shekels in Katzrin
A single-family home with eight rooms in Katzrin, the largest settlement in the Golan Heights, sold for 6 million shekels. The property, located on Hashushim Street, features 248 square meters of built space on an 897-square-meter lot, including a main unit, two guest units, and a swimming pool. The buyers are an American couple with family ties in Israel, though they do not currently plan to immigrate.
Katzrin, home to about 8,400 residents, lies centrally on the Golan Heights and is bordered by major roads 91 and 87. The sale took place in the newly named "Ramat Neighborhood" (formerly District 12), a 343-dunam area in the city's southwest. This neighborhood is part of a large-scale development plan initiated in 2016, with a tender awarded in October 2022 to Gal Ariel Construction and Y.D. Barzani, who are building approximately 1,800 housing units expected to double Katzrin’s population.
Current secondhand apartment prices in Katzrin average around 13,000 shekels per square meter, with older homes selling for under 10,000 shekels per square meter. New apartments in the project reach about 16,000 shekels per square meter, while subsidized units cost roughly 7,600 shekels per square meter. High-end cottages in the Golan typically sell for 3 to 4 million shekels, with the previous highest Katzrin cottage sale at 3.7 million shekels and the overall Golan record at 4.5 million shekels in Aniam three years ago.
The sold property’s price equates to about 20,000 shekels per square meter, about 25% above new apartment prices nearby, justified by its size, additional guest units, and unobstructed views toward the Zavitan stream. Moshe Moial, a founding partner at the law firm representing the developers, noted the transaction reflects Katzrin’s evolving real estate market amid significant neighborhood expansion. Avni Derech Group’s marketing VP, Hanna Schwartz, emphasized the unique value of the villa’s location and quality, attracting buyers willing to pay premium prices, including residents from central Israel who split their time between Katzrin and the center and sometimes work remotely.
This transaction marks a rare and significant milestone in the Golan Heights real estate market, underscoring the growing appeal and diversification of housing options in Katzrin.
