How much does an apartment in Israel cost? This question interests both residents of the country and numerous foreign investors who want to invest successfully and get a good return.
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Prices for apartments and houses in Israel have been rising relentlessly for many years. Only in the last 10 years, real estate prices have increased more than 2 times. Small territory of the country, a constant increase in fertility and inexhaustible flow of migrants provides a constant rise in prices for apartments in Israel.
Features of pricing in the real estate market in Israel
The housing stock in Israel is characterized by constant renewal. Since many residential buildings were built 70 years ago on a hasty hand, many of them are not suitable for life. That is why in Israel are allocated huge funds for the renewal of buildings.
Houses that have an unsightly appearance, but good technical condition are repaired, and add a few floors on top. That the residents of the house do not complain about the constant noise, during the renovation, often their apartments are expanded. In this case, the cost of living space increases significantly, because the area of the apartment can increase by 20-40 square meters. m.
Those houses that are in poor technical condition are simply demolished and new residential areas are built in their place.
Construction is very active here, and new offers are constantly appearing on the market.
When buying an apartment, you should take into account the technical condition of the building, and clarify whether the building is not preparing for demolition.
In addition, the prices of apartments depend on the following factors:
- secondary or new housing
- proximity to the center of the country
- proximity to the sea
- parking lot
- apartment size
- renovation
- elevator availability
- city area
- floor
All these factors should be taken into account if you decide to buy an apartment in Israel.
The cost of an apartment in different cities in Israel
So how much does an apartment cost in Israel? Below you will find the current prices for apartments in 10 cities in Israel, where most often buy real estate. In some cities, you can find real estate cheaper. In others – with a more favorable location and more work. And in the third – you can buy an apartment with a gorgeous view of the sea.
Listed cities are the most popular, to buy real estate in Israel. Prices are presented in U.S. dollars and shekels.
Jerusalem
Jerusalem – the capital of Israel and the largest in the number of inhabitants of the country. It is a constant destination for tourists and believers from around the world. Obviously, the prices for apartments here are quite high.
1-room apartment (25-40 meters. sq. m.) – 900 thousand – 1.2 million ₪.
2-room apartment – (45-70 meters. sq. m.) – 1.2 – 2.3 million ₪.
3-room apartment – (50-90 meters. sq. m.) – 1.4 – 2.7 million ₪.
4-room apartment – (70-120 meters. sq. m.) – 1.8 – 4.6 million ₪.
5(+)-room apartment – (100-250 meters. sq. m.) – 1.8 – 5.3 million ₪.
Tel Aviv
Tel Aviv is the second most populous city in Israel. Cultural and economic center of the country. At prices for apartments is not only not inferior, but also surpasses Jerusalem.
1-room apartment (25-40 meters. sq. m.) – 1.1 million – 1.5 million ₪.
2-room apartment – (45-70 meters. sq. m.) – 1.2 – 2.5 million ₪.
3-room apartment – (50-90 meters. sq. m.) – 1.5 – 4.1 million ₪.
4-room apartment – (70-120 sq. m. sq.) – 3.1 – 5.4 million ₪.
5(+)-room apartment – (100-250 sq. m. sq.) – 3.2 – 9.7 million ₪.
Haifa
Haifa – the largest city in the north of Israel. Industrial center and one of the two largest ports in the country. The city is very busy, which attracts a large number of repatriates here every year.
1-room apartment (25-40 meters. sq. m.) – 450 thousand – 600 thousand ₪.
2-room apartment – (45-70 meters. sq. m.) – 470 thousand – 1.1 million ₪.
3-room apartment – (50-90 meters. sq. m.) – 625 thousand – 1.4 million ₪.
4-room apartment – (70-120 meters. sq. m.) – 735 thousand – 1.7 million ₪.
5(+)-room apartment – (100-250 meters. sq. m.) – 1.5 – 2.5 million ₪.
Petah Tikva
Petah Tikva – a large city 10 km from Tel Aviv and 18 km from Ben-Gurion Airport.
1-room apartment (25-40 meters. sq. m.) – 720 thousand – 910 thousand ₪.
2-room apartment – (45-70 meters. sq. m.) – 1.1 million – 1.3 million ₪.
3-room apartment – (50-90 meters. sq. m.) – 1.2 million – 1.7 million ₪.
4-room apartment – (70-120 meters. sq. m.) – 1.4 million – 2.1 million ₪.
5(+)-room apartment – (100-250 meters. sq. m.) – 1.6 – 2.6 million ₪.
Ashdod
Ashdod is a large industrial city and the largest port in the country. Lots of jobs for all specialties.
1-room apartment (25-40 meters. sq. m.) – 510 thousand – 810 thousand ₪.
2-room apartment – (45-70 meters. sq. m.) – 670 thousand – 960 thousand ₪.
3-room apartment – (50-90 meters. sq. m.) – 1.2 million – 1.7 million ₪.
4-room apartment – (70-120 meters. sq. m.) – 1.5 million – 2.1 million ₪.
5(+)-room apartment – (100-250 meters. sq. m.) – 1.6 – 2.5 million ₪.
Netanya
Netanya – the largest resort city in the country on the shores of the Mediterranean Sea. 30 km from Tel Aviv and 45 from Ben-Gurion Airport.
1-room apartment (25-40 meters. sq. m.) – 610 thousand – 820 thousand ₪.
2-room apartment – (45-70 meters. sq. m.) – 900 thousand – 1.2 million ₪.
3-room apartment – (50-90 meters. sq. m.) – 1.2 million – 1.9 million ₪.
4-room apartment – (70-120 meters. sq. m.) – 1.4 million – 2.8 million ₪.
5(+)-room apartment – (100-250 meters. sq. m.) – 2.1 – 3.4 million ₪.
Ashkelon
Ashkelon – because of its geographical location, has a very pleasant climate. There is no high humidity, and there is practically no debilitating heat.
1-room apartment (25-40 meters. sq. m.) – 420 thousand – 570 thousand ₪.
2-room apartment – (45-70 meters. sq. m.) – 550 thousand – 720 thousand ₪.
3-room apartment – (50-90 meters. sq. m.) – 750 thousand – 1.4 million ₪.
4-room apartment – (70-120 meters. sq. m.) – 1.2 million – 1.7 million ₪.
5(+)-room apartment – (100-250 meters. sq. m.) – 1.3 million – 2 million ₪.
Eilat
Eilat – a resort on the shores of the Red Sea. Rich marine flora and fauna, as well as a wide variety of hotels, attract a large number of tourists. Eilat is a very ancient city. It was built in 965 – 928 BC. In the city you can find unique ancient properties, which are gladly visited by tourists from all over the world.
1-room apartment (25-40 meters. sq. m.) – 410 thousand – 680 thousand ₪.
2-room apartment – (45-70 meters. sq. m.) – 450 thousand – 730 thousand ₪.
3-room apartment – (50-90 meters. sq. m.) – 750 thousand – 1.2 million ₪.
4-room apartment – (70-120 meters. sq. m.) – 1.3 million – 1.7 million ₪.
5(+)-room apartment – (100-250 meters. sq. m.) – 1.6 million – 2 million ₪.
Now you know how much is an apartment in Israel, and when planning a purchase, you can rely on these prices.
Call us right now, and we will find you an apartment in Israel
Choose a property in our catalog.
