Jerusalem Property Update: April 7, 2022

Jerusalem Property Update:
April Market Update + Properties for Sale in German Colony

Dear readers,

As we enter April and approach Pesach, our classic dilemma of buying property in Jerusalem is even more intensified; buyers are flocking to the country’s capital for the upcoming holidays, yet the supply remains incredibly low.

I believe that the best, and possibly only way to slow the steadily climbing prices of properties in areas like Baka and the German Colony is to create thousands of brand new units all at once.

Unfortunately, I don’t see this happening any time soon. Most new buildings I know of in the primary areas I work in are guaranteed to add hundreds of new units to the market, but the completion dates are still years away.

The trend I am seeing is that my clients budgets change when they arrive in Jerusalem and see properties for themselves in person. After the first 3 or 4 homes they see, which are listed at roughly 1.25 -1.5 million USD, clients either realise that their budget is too low and they are unable to buy what they need at this time, or they are ready to increase their budgets to over 2 million USD to find something suitable.

In my opinion, with the market the way it currently is, you must be willing to jump at a good opportunity when it presents itself. So, if you want to buy, get ready to act quickly!

Please take a look at the following properties for sale in the wonderful German Colony neighborhood of Jerusalem:

Wonderful, High-End Apartment for Sale in the German Colony

In an amazing part of the German Colony, just 1 minute away from a small park, the restaurants and coffee shops of Emek Refaim Street, and an 8 minute walk to Nitzanim Synagogue.

Located on the most serene, peaceful side street, very charming and hidden away, lies this beautiful and modern building that has been refurbished just 1 year ago and designed by a renowned architect.

This stylish 3 bedroom apartment is 1000 square feet with a large living room, 2 beautiful sukkah balconies, high-end finishes, central air conditioning and underfloor heating systems, and private parking.The unit is on the 3rd floor with an elevator in the building.

The asking price is 4,500,000 NIS (approximately $1,390,000 USD).

Wonderful, High-End Apartment for Sale in the German Colony

Modern Unit in the Heart of the German Colony

This modern and renovated unit measures approximately 1250 square feet with 120 square feet of balconies (including a sukkah balcony).

The unit is located on a lovely side street just a 3 minute walk from Emek Refaim in the heart of the German Colony.

There are 4 bedrooms, a spacious living room, 2 full bathrooms, plenty of natural light, parking, and storage.

The unit is in a modern building that was renovated just 2 years ago!

This unit is being sold discreetly off the market at 6,250,000 NIS (approximately $1,940,000 USD).

Modern Unit in the Heart of the German Colony

Garden Apartment in the Heart of the German Colony

Just 2 minutes away from the hustle and bustle of Emek Refaim, and 5 minutes from the lovely Talbiya neighborhood.

This brand new unit is 1150 square feet with 3 bedrooms, 2 bathrooms, an amazing registered private garden of approximately 750 square feet, A/C and underfloor heating, and a beautifully carpentered kitchen.

The unit also has a private entrance and private parking.

The asking price is 6,420,000 NIS (approximately $1,990,000 USD).

Garden Apartment in the Heart of the German Colony

Shabbat Shalom! Have a lovely weekend.

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