Jerusalem Property Update: November 4, 2021

Jerusalem Property Update: November 4, 2021

Dear readers,

There have been rumors swirling around since the end of October about a raise in purchase tax rates for foreign and investment purchases. This has led clients to rush into the market in hopes of speeding up deals before any price increase goes into effect.

Well, the rumors seem to be true. A proposed new “Government Housing Plan” is expected to be passed by the Knesset imminently. The plan will see a raise in the purchase tax rate as well as a potential bar on AirBNB rentals. 

Read our latest blog about our thoughts on the new plan, the reasoning behind it, and how it will affect the Israel property market.

Please have a look at the following units with wonderful outdoor spaces currently on the market in the best neighborhoods of Jerusalem:

Beautiful Penthouse for Sale in the Greek Colony

In a building that is just 5 years old, this beautiful apartment has been designed and built with an amazing use of space in mind. The unit is 1900 sqf with 4 bedrooms, 2.5 bathrooms, a gorgeous, stylish kitchen, and wonderful custom carpentry. There are 2 large sukkah balconies totaling 850 sqf with amazing views off of the living room, as well as one pleasant balcony off of the master bedroom. The unit comes with 2 parking spots.

The asking price is 9,950,000 NIS (approximately $3,185,000 USD).

Luxurious Penthouse for Sale in Baka!

Located just off of Derech Beit Lehem street in a beautiful, luxurious building in Baka. This penthouse unit is 1700 sqf with 2.5 bathrooms, a wonderful and spacious living area, and a beautiful balcony off of the living room. There is an elevator going up to a 700 sqf private, registered roof terrace with amazing views of the Old City! The apartment has been finished to the highest standard.

The asking price is 9,350,000 NIS (approximately $2,995,000 USD).

Gorgeous Apartment for Sale in Old Katamon

This gorgeous apartment of 1075 sqf has 3 bedrooms, a spacious living room, 2 bathrooms, and a beautiful 215 sqf sukkah balcony. There is also rooftop access as well as a storage room. The apartment is in high-end condition on the second floor (about 25 steps).

The asking price is 3,200,000 NIS (approximately $1,025,000 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.

The asking price is 12,500,000 NIS (approximately $4,005,000 USD).

Click here to see more Jerusalem real estate.

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

Shabbat Shalom! Have a lovely weekend.