Real estate in Israel. Israeli property prices
Real estate in Israel is the gateway to excellent Mediterranean vacations, better health and a land steeped in history and religion. Israeli real estate in Jerusalem, Kesaria, Tiberias and other cities is often seen as a guarantee of high living standards, great healthcare and social security.
Property in Israel has been gaining popularity among foreign buyers over the recent years, particularly from North America, UK and France. While only 4% of real estate deals are made with foreign investors, they buy properties that sell for millions of dollars.
Buying apartments overlooking the sea in Tel Aviv–Yafo, luxury homes in the German Colony (Jerusalem) and Herzliya Pituah as well as Netanya, Bat Yam and Ashdodis very popular with overseas buyers.
In Tel Aviv–Yafo, seaside apartments sell for $1M to $3M and the price of flats for sale further from the coast and city centre is about $600,000–700,000.
Demand for properties in Beersheba, Southern Israel, is driven by low prices from $150,000–300,000, and the Ben-Gurion University of the Negev which attracts students from all over the world.