The Marker, 23.10.2020

It is common to think that the increase in the value of an apartment depends mainly on the timing of the purchase, but an examination of transactions made in recent years shows that the location is no less important.

In June 2014, two apartments were purchased in Bat Yam: One, a 3-room apartment on 2 HaZayit Street, was sold for NIS 935,000. The street is in the east of the city, and is considered a less sought after area. The second, a 4-room apartment at 4 Haneviim Street, was purchased for NIS 1.1 million. The apartments were sold in June.

The apartment in Zeit was sold for NIS 1.3 million, yielding its owners a profit of 40% of its cost (6% per annum). The apartment in Neviim was sold for NIS 1.74 million, yielding a profit of 58% (8% per annum) for its owners.

Other notable deals

On Lotem Street in Harish, a 4-room apartment, 98 sq.m. + 18 sq.m. balcony, fourth floor out of seven, with parking and storage, sold for NIS 1.08 million.

On Weizmann Street in Rehovot, a 5-room duplex, 151 sq.m. + 78 sq.m. balconies, floors eight to nine out of nine, with two parking spaces and a warehouse, was sold for NIS 3.65 million.

On Zisso Street in Be'er Sheva, a 3-room apartment, 58 sq.m., second floor out of four, sold for NIS 530,000.

On Yeshurun ​​Street in Hod Hasharon, a 4.5-room apartment, 128 sq.m., third floor out of five, with parking, sold for NIS 2.1 million.

On David Reznik Street in Netanya, a 5-room apartment, 144 sq.m., 14th of 16th floor, sold for NIS 2.9 million.

On Yordei Hasira Street in Ashdod, a 3-room apartment, 56 sq.m., fourth floor out of four, sold for NIS 965 million.