Jerusalem Property Update:
Working With Foreign Currency
When Buying Property in Israel
Financial transactions can become quite tricky when working with more than one currency, a different bureaucratic system, and a different language.
There are various payment terms and plans to discuss when purchasing property in Israel; however, nearly all payments are made in Israel’s currency, the New Israeli Shekel.
Please take a look at the following upscale apartments in Jerusalem’s popular Anglo neighborhoods:
Stylish Apartment for Sale by Emek Refaim
In a great location, right by Emek Refaim and a few minutes away from Nitzanim Synagogue, this gorgeous apartment is full of high-end style and flair.
The unit is approximately 1200 square feet with 3 bedrooms, 2 bathrooms, a beautiful, spacious living and dining area, and a lovely 50 square foot balcony. The elegance of the apartment is reflected through the 10 feet high ceilings, custom carpentry, and lots of natural light coming from the large windows and 3 points of exposure. Enjoy privacy and quiet as this unit shares no common walls with other units!
The asking price is 4,000,000 NIS (approximately $1,210,000 USD).
Gorgeous Modern Penthouse in Arnona
This fabulous penthouse is in a building that is undergoing complete modernization and refurbishment.
Construction will begin in about 1 year with an expected completion in approximately 3 years.
The building will have a sleek, modern design with a lovely foyer and brand new elevators with a Shabbat clock program.
The apartment is 1400 square feet with a 915 square foot wraparound sukkah balcony. There are 4 bedrooms (including a Mamad), 2.5 bathrooms, a spacious living and dining area, and another small balcony off of the master suite.
This penthouse features great technical specifications such as air conditioning and underfloor heating systems, and comes with private parking and a storage room.
The asking price is 4,825,000 NIS (approximately $1,460,000 USD).
Gorgeous, Whole-Level Apartment in Baka
This apartment is undergoing complete renovations which will be finished in October 2022. The apartment takes up the whole level with no neighbors on the same floor!
The spacious, 1870 square foot unit has 4 bedrooms, 2.5 bathrooms, a 65 square foot service balcony, and a 170 square foot sukkah balcony. There are 4 exposures, filling the apartment with natural light. The unit has a Mamad (shelter room) and a private parking spot. There is an elevator in the building and the unit is on the first floor.
The asking price is 7,200,000 NIS (approximately $2,175,000 USD).
Shabbat Shalom! Have a lovely weekend.