Discover Tiberias Real Estate | Where and Why to Invest in Tiberias?
Автор: TikTak Houses
Загружено: 2020-05-08
Просмотров: 334
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Located on the shores of Lake Galilee, Tiberias is the epitome of holidays in Israel. Serving as an administrative and cultural center, it is a historical city with many tourist attractions.
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The economy is stable, boasting with impressive standards of living and high employment rates
The cost of living in Tiberias is 5% less, compared to the national average
From apartments to large houses, the real estate market of Tiberias is diverse
Residential areas are expanding, powered by demand and the city’s capacity
Properties in central areas cost €3,120/sqm and slightly less in the outskirts - €2,770/sqm
Being one of the most beautiful Israeli cities, Tiberias receives millions of tourists annually
The large number of visitors makes a positive impact on the rental market
Apartments in the city center rent for €720 to €1,020/month and for €512 to €790/month outside the center
Depending on the property location rental yields vary between 3.9% and 4.2%
Maatayim – An attractive neighborhood for job seekers and young professionals. Prices for a 2-bedroom apartment ranges from €270,000 to €360,000
Kiryat Shmuel – A densely-populated area with high property demand. The median household price stands at €165,750, with €1,220/month average rental price
Shikun Dalet – A middle-class area with a large number of tenants. Real estate prices are high –€406,885 on average
Tiveria Illit – An affordable suburban area with high-quality apartments. The median house price is €101,200, while the average rental cost is €870/month
With a variety of property options
and remarkable growth prospects
Tiberias is a BUY
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