Jerusalem Property Update: October 28, 2021

Jerusalem Property Update: October 28, 2021

Dear readers,

The Jerusalem property market is currently very strong; there are very few options for sale with a large amount of buyers in the pool. This means that when a good property enters the market that ticks all of the boxes (primarily a Sukkah balcony, parking, and Shabbat elevator), it goes very quickly.

It is important for buyers to: A) be prepared and in the right position to buy as soon as you find an apartment that meets your needs, or B) be willing to compromise on some of the criteria you are looking for, in order to have more options of lovely apartments at reasonable price points.

Click here to read our analysis of the Jerusalem market for the end of October 2021.

Please have a look at the following wonderful final units remaining in projects in Jerusalem:

Luxury Penthouse Units in the Heart of Baka

In a fabulous location in Baka, right by HaMesila & HaRakevet! These apartments are spacious with 3 or 4 bedrooms and beautiful, open balconies with superb views and luxury finishes. Expected population in approximately 6 months.

The 3 bedroom options are 1500 sqf and start from 4,400,000 NIS (approximately $1,385,000 USD).
The 4 bedroom options are 1700 sqf and start from 4,850,000 NIS (approximately $1,525,000 USD).

Brand New Apartment in Baka

In a great location in Baka, on the residential side street Ben Yefune. Around the corner from the Bustan Baka complex and just a 7 minute walk to Nitzanim Synagogue! This brand new apartment is 1150 sqf with 3 bedrooms, 2 bathrooms, a 60 sqf sukkah balcony, and is complete with luxurious finishes such as an Italian-designed kitchen, underfloor heating and a zoned multi-system air conditioning unit. The boutique building has a stylish entryway and the specifications are extremely high compared to similar developments in the area. The unit will be ready in approximately 6 months.

This is a great deal as the price per SQM is great value for the market today in the Baka neighborhood!

The asking price is 3,500,000 NIS (approximately $1,100,000 USD).

Luxury Building in the Greek Colony

In a wonderful new building located in the Heart of the Greek Colony near the Ramban and Nitzanim Synagogues, there is a great 3 bedroom unit for sale! Apartments in this building are selling very quickly at a very fair market price. This unit is 1200 sqf with 3 bedrooms and 2 bathrooms. The unit comes with high-end finishes such as a Mitsubishi inverter air conditioning system and underfloor heating. There is a generous allowance for the kitchen. The unit comes with private underground parking, storage, and a 65 sqf sukkah balcony. Will be ready in approximately 3 years! Great payment terms apply.

The asking price is 4,450,000 NIS (approximately $1,400,000 USD).

Luxury Penthouse for Sale in Baka

Lavish 2200 sqf duplex penthouse with 5 bedrooms including a master suite on the main level and a fabulous entertaining space. There are 2 wonderful terraces totaling 1200 sqf with incredible views! The unit comes with parking and storage as well as high-end finishes. Expected completion in about 11 months.

The asking price is 12,500,000 NIS (approximately $3,925,000 USD).

*Photos are for illustration only*

Get in touch with our sales team for more information on the properties above or to start your property search today! E-mail sales@capitil.com.

Shabbat Shalom! Have a lovely weekend.