Baka Real Estate Prices: Key details from 2021

Average price of an apartment in Baka: 2,260,000 Shekels

Average monthly rental for an apartment in Baka: 5,625 Shekels

Number of apartments sold in Baka in 2021: 88

Average price per meter in Baka: 28,300 Shekels

(Key data above via Madlan.)

Baka: Leading the way with high real estate prices

Property prices in Baka are amongst the most expensive in Jerusalem, and in Israel.

Baka has for many years lead the way in high real estate prices, as compared to the average in the city and country as a whole.

There is a good reason why Baka is so popular with Israelis and Olim combined.

The Baka neighborhood is very quiet but is close to commercial districts and within walking distance are pretty much all the shops you could possibly need.

Derech Bet Lehem and Emek Refaim’s close proximity mean that a resident of Baka is near to all possible amenities.

One of the most desirable places to live in Jerusalem

Ultimately though, it is the neighborhood itself that has pushed real estate prices up. It is not hard to fall in love with many of the properties in Baka, with so many of them holding architectural value and many of which are designated for preservation.

Baka has also emerged as a clean area, with a good feeling of community and plenty of kindergartens to ensure it ticks a lot of boxes for old and young alike.

So we can safely say that over the last two decades, Baka has emerged as one of the most desirable places to live in Israel and Jerusalem.

This has seen plenty of improvement in the real estate prices of property in Baka.

With so many Jews, many of whom are religious, keen on living in Baka, we do not expect this to change any time soon.

Four properties sold in Baka in 2021

Detailed below are four properties sold in Baka during the calendar year of 2021.

These were all significant purchases and illustrates how Baka is simply one of the most expensive areas in Jerusalem. Comparable with the German Colony and Rechavia, Baka costs a fair buck.

There is so much going for Baka that continued real estate price rises feel inevitable.

- A 211 square meter, six-room, third floor penthouse apartment, private roof with swimming pool, storage room and two parking spaces on Dina Street in Baka was sold for NIS 13.37 million.

- A 65 square meter, three-room, first floor apartment with a balcony on Ben Yafune St. in the Baka neighborhood was sold for NIS 2.5 million.

- A 140 square meter, five-room, first floor apartment in the Hamesila Project in Baka was sold for NIS 7.65 million.

- A 119 square meter, four-room, 16th floor, of 27, apartment in the Bustan Baka Project in Bala was sold for NIS 5.98 million. The first two apartments were listed on Globes, the third and fourth were listed on Madlan.

***

Read our Baka neighborhood guide.

See a list of luxury apartments in Jerusalem.

To begin your property search, please contact us at sales@capitil.com.

Need Jerusalem Real Estate Advice? Get in touch!

Contact us on WhatsApp, telephone or email.