Guy Lieberman’s recent article in Haaretz on buying high quality real estate in Israel without spending a fortune caught my attention this week. Perhaps it was the headline, (short and simple) or the first lines of the opening paragraph which, to me, sounded too good to be true… it doesn’t have to be that way? Sure it does! Most real estate professionals in Israel know that there is no such thing as cheap real estate in Israel, certainly not in the most desirable locations, (Jerusalem, Tel Aviv, Herzeliya Pituach, etc).
The article does indeed give readers insight on fantastic real estate deals albeit in Northern Israeli communities such as the Nahariya Yeruka (the project which includes 1,500 apartments – 1,200 of which have already been sold) Shlomit, Carmiel’s ‘Carmiela’ project and even Ashkelon! Northern Ashkelon has long been regarded as one of the city’s most expensive neighborhoods, yet, according to Lieberman, “you can still find a 4-room apartment consisting of 136 square meters with a 15-meter porch for NIS 630,000 (under special sale terms)” I wonder what those special sale terms are… home buyers are advised to read the fine print.
Yoram Indik