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Haifa is the third largest city in Israel, spreading out on the slopes of Mount Carmel and the coastal areas of the Mediterranean Sea. Haifa is the country’s largest port and the economic center of northern Israel.
Traditionally, Haifa is considered an industrial city. Here is just a huge number of jobs for any specialty. This attracts here repatriates and native Israelis. Especially there are a lot of Russian-speaking repatriates here. According to statistics from 25 to 30% of the city’s population speak Russian.
In recent years, the city has also become a center of culture with a mass of attractions. This, and the pleasant waters of the Mediterranean Sea attracts tourists from all over the world. Not for nothing, Haifa is called “Israel’s San Francisco”. In addition, the country’s two leading universities have made Haifa a center of education and research.
All this makes a great number of people come to Haifa to live their lives here.
The good and bad neighborhoods of Haifa
Haifa is located partly in the lowlands by the sea and partly on the slopes of Mount Carmel. The city was built from the sea to the mountain. Therefore, the higher up the mountain a neighborhood is, the newer, more prestigious and more expensive it is. And the lower – older and cheaper.
The following are considered good neighborhoods to buy an apartment in Haifa:
- Carmel Tsarfati
- Mercaz Carmel
- Neve Sheanan
- Romema
- Ahuza
- Denia
The least prestigious neighborhoods are considered to be:
- Tel Amal
- Neve Paz
- Khalisa
These are old neighborhoods. There is a lot of garbage and dilapidated houses. However, real estate here is inexpensive. You can buy an apartment in these neighborhoods quite cheaply.
Apartment prices in Haifa
Real estate prices in Israel are very high. First of all, this applies to major cities. However, the peculiarity of Haifa are quite low real estate prices compared to other major cities in Israel.
In this regard, buy or rent housing here can be much more profitable than in the same Tel Aviv, Netanya, Ramat Gan, or Herzliya. Prices for apartments in Haifa are very diverse. They depend on many factors, such as:
- distance from the city center
- state of repair in the apartment
- condition of the apartment building
- distance from the sea
- number of rooms
- apartment size
- balcony
- building age
- city area
- and other
Average real estate prices in Haifa:
1 room apartment (20-35 m2) 470 thousand – 580 thousand ₪
2 room apartment (20-35 m2) 700 thousand – 1.2 million ₪
3 room apartment (50-95 m2) 800 thousand – 1.7 million ₪
4 room apartment (75-135 m2) 900 thousand – 2.5 million ₪
5+ room apartment (110-150 m2) 1.2 million – 3.6 million ₪
Where to buy an apartment in Haifa
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