Jerusalem Property Update: October 31, 2021

Jerusalem Property Update: October 31, 2021

Shavua Tov,

The Words of the Week are:

1. Emergency Exit - Yetziat Chiroom
   It is always important to locate the nearest emergency exit, especially in a new apartment building.

2. Furniture/ Furnished - Rehitim/ Meruhetet
   Some apartments can be purchased including the furniture from the previous owners, landlord, or the agency that staged it.

3. Municipal Tax - Arnona
   Arnona is the name of the annual municipal tax that has to be paid by property owners/tenants in Israel. Click here to read more about the Arnona tax.

                 See our full Hebrew-English glossary of property terms.

Please have a look at the following wonderful units for sale in Baka:

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 $1,110,000 USD).

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 $1,395,000 USD).
The 4 bedroom options are 1700 sqf and start from 4,850,000 NIS (approximately $1,540,000 USD).

Apartment for Renovation in Baka

In a great location in Baka, close to HaRakevet Street and the German Colony! The building is currently finishing TAMA 38 renovations. The unit is approximately 915 sqf with 3 bedrooms, 2 bathrooms, a small balcony, and lots of natural light. It is on the 2nd floor out of 5, in a building with a new elevator.

Once renovations are complete it should cost less than 35,000 NIS per SQM!

The asking price is 2,650,000 NIS (approximately $840,000 USD).

Off-Market Garden Unit for Sale in Baka

Located on a green, charming side street off of the famous Derech Beit Lehem in the heart of Baka, this beautiful 2150 sqf unit has a 1300 sqf garden, high-end finishes, private parking, and a storage room. There are 3 bathrooms, 3 bedrooms, and a large living room, as well as a den and study (option for 4-5 bedrooms). The unit is in a luxury boutique building with a gym and residents' room!

The asking price is 10,850,000 NIS (approximately $3,435,000 USD).

See more units and properties currently available for sale in Jerusalem.

For any further information on the above properties or to begin your property search, please contact us at sales@capitil.com.

Have a great week!