Jerusalem Property Update: June 7, 2022

Jerusalem Property Update:

HOT Properties on the Market +

Jerusalem Summer Festivals!

Dear Readers,

Hope everyone had a great chag!

With summer officially here, tourists are pouring in from all over the world, and the streets of Jerusalem are bustling.

With the real estate market heating up, many of our clients are visiting Jerusalem to get a head start on the rising prices. During our conversations with clients, we always get asked for recommendations on what to do here in Jerusalem.

Here at CapitIL, we compiled a list of local events that will make you feel like you have started your life as a Jerusalem local and give you a peek into Jerusalem culture.

CLICK HERE to see our list of incredible festivals and fairs for Summer 2022 in Jerusalem!

To check out some hot properties on the market, keep reading!

DO NOT MISS OUT on this TAMA 38 Project in Mekor Haim!

Since we have started promoting this project, we are at contract with multiple units. However, prices have gone up 30,000-50,000 USD in the past few weeks.

In general, prices in Israel tend to rise as more units sell, so make sure not to wait any longer to consider purchasing in this incredible project!

Building Type: Brand New! (Not a TAMA-completely new build)

Size: Varies but approximately 1000 SQFT

Bedrooms: 3

Bathrooms: 2

Balcony: Yes

Elevator: 2 (one will be a Shabbat elevator)

Extras: AC, Underfloor Heating, Beautiful Views, Parking

In the Neighborhood: Hadar Mall - 5-minute walk, Nitzanim Synagogue - 18-minute walk, Emek Refaim - 5-7 minute drive

Expected Occupancy: July 2024

Asking Price: 3-bedroom apartment starts at 3,200,000 NIS (approximately $961,000 USD) on Floor 1 and goes up to 3,300,000 NIS (approximately $991,000 USD) on Floor 6.

Special Offer: No Index!

Why YOU Should Buy: There is a special offer at the moment which fixes this price without index!

This is very rare and could save buyers a lot of money. According to the developer, THIS IS ONLY FOR THE NEXT 2 BUYERS (they can change this at any point)!!

Off-Market Apartment on Beautiful Side Street in the German Colony

Apartment Type: Good condition (renovated 5 years ago) in a modern building

Size: 1235 SQFT

Bedrooms: 4

Bathrooms: 2

Balcony: Sukkah (can fit 5-6 people)

Elevator: Yes

Extras: Parking, Storage

In the Neighborhood: Hartman Institute - 2-minute walk, Emek Refaim - 2-3 minute walk

Asking Price: 6,650,000 nis (approximately $2,000,000 USD)

Why YOU Should Buy: This apartment ticks every box- location, sukkah balcony, parking, storage, and elevator!

Design Your Own Luxury Combo Apartment

Apartment Type: Brand new, part of a TAMA 38 project

Size: 1900 SQFT

Bedrooms: 4

Bathrooms: 3

Balcony: 250 SQFT

Elevator: Yes

Extras: Parking, Oversized Living Room, High-End Finishes, Beautiful Views

In the Neighborhood: Palmach Street - 5-minute walk

Asking Price: 7,400,000 nis (approximately $2,200,000 USD)

Why YOU Should Buy: To find an apartment this big on one level in Old Katamon is near impossible! It is customizable to your needs and is a rare opportunity on the market.

Penthouse Duplex with GORGEOUS Views for Rent in Abu Tor

Apartment Type: Penthouse duplex with rooftop in great condition

Size: 1935 SQFT

Bedrooms: 3 (two of them are master bedrooms, one of them is on the entry floor)

Bathrooms: 3

Balcony: Private Rooftop!!!

Extras: Parking, Open Den (can be closed to make a 4th bedroom), Gorgeous Views

In the Neighborhood: The First Station - 9-minute walk, Jaffa Gate - 20-minute walk

Rental Price: 16,000 nis/month (approximately $4,800 USD/month)

Why YOU Should Rent: Great amount of space for the price, with gorgeous views. It is perfectly located right next to Baka, and also within walking distance to the Old City!

Have a great week!

See our available Jerusalem real estate properties here and luxury Jerusalem apartments here.

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