The Bank of Israel reported that the amount of mortgages taken out by Israelis has risen 4.5% from last year. Despite the continuing rise in home prices, Israelis and foreigners continue to buy real estate here en masse.
According to Knight Frank and CNBCIsrael’s real estate market ranks third in the world in regards to growth over the past 5 years, topping hot property markets like Singapore and Thailand, though behind both Hong Kong and China.
While Jerusalem has been long known for it’s luxury hotels like the King David, Inbal, David’s Citadel, the Mamilla, and the much anticipated Waldrof-Astoria, Tel Aviv has not known for it’s selection of luxury hotel and vacation accommodations.
If you’re reading this, you probably are interested in the Tel Aviv real estate market, as a buyer, homeowner, or property investor. If you’re a buyer, you’ve most likely been sitting on the sidelines since last summer’s social protests.
Looking for a 3 bedroom apartment for sale in Tel Aviv’s lovely Old North neighborhood? Look no further! Fully renovated just 6 months ago, this beautiful home is the ideal family apartment for anyone looking to enjoy proximity to Park HaYarkon, the Tel Aviv Port, and the beach.