Discounted apartment: In which city will you get the biggest discount?

A comprehensive survey conducted by the madlan website for lotteries that opened this week as part of the "Discounted Apartment" project, analyzes the discount rates that the winners will enjoy.

So where is it worth investing and where is a little less?

Between Ashkenazi

05/07/2022

Tuesday, 05 July 2022, 14:27 Updated: 14:41

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Jerusalem.

Not only the capital of Israel but also the Israeli champion in the second round of "Apartment at a discount" (Photo: Reuven Castro)

About 52,000 Israelis signed up for the second "discounted apartment" lottery, the Ministry of Construction and Housing announced, while many of the bidders for discounted apartments calculate the chance of winning an apartment according to the level of demand. The market of their apartment.

A comprehensive analysis conducted by Madlan for a lottery that opened this week shows that those who win an apartment in the capital, Jerusalem, will receive the largest discount of NIS 1,400,000, according to the following calculation: the average price per square meter for a four-room apartment of 100 square meters in an apartment The discount in Jerusalem is about NIS 12,000, while the average price per square meter for a new apartment in the city of the same size is about NIS 26,000. In the capital, it will amount to NIS 1,261,650.

It should be noted that the calculation is made according to the size of the apartments offered for lottery in

Immediately after Jerusalem, the most significant discount in the amount of NIS 1,362,000 will be given to those who receive an apartment in Ramat Gan, according to the following calculation: The average price per square meter in a four-room apartment of 100 sq.m. NIS 16,000, while the average price per square meter for a new apartment of the same size in the city is about NIS 30,000.

Those who win an apartment in the city of Eilat will also enjoy a significant discount of about NIS 935,000, according to the following calculation: The average price per square meter in a four-room apartment of 100 square meters in a discounted apartment in the city of Eilat is about NIS 7,750, while the average price per square meter The price for a new apartment of the same size in the city is about NIS 17,000. So instead of paying a sum of NIS 1,710,000 for a four-room apartment, the winners of the lottery will pay only NIS 775,000.

In Haifa, those who receive a four-room apartment measuring 100 square meters will enjoy a discount of NIS 752,000, according to the following calculation: The average price per square meter in a four-room apartment measuring 100 square meters in a discounted apartment in Haifa is about 11,000. NIS, while the average price per square meter for a new apartment of the same size in the city is about NIS 19,000.

So instead of paying a sum of NIS 1,920,000 for a four-room apartment, the payment that the winners of the apartments in Haifa will pay will amount to about NIS 1,167,000.

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Sderot.

NIS 284,000 discount only (Photo: official website, Photo: Golan Sabag)

Lowest discounts

The lowest discounts were recorded in the cities of Migdal Haemek and Sderot.

In Migdal Haemek, those who receive a four-room apartment measuring 100 square meters will enjoy a discount of NIS 222,000, according to the following calculation: The average price per square meter in a four-room apartment measuring 100 square meters in a discounted apartment in Migdal Haemek is approx. NIS 7,000, while the average price per square meter for a new apartment of the same size in the city is about NIS 9,700.

So instead of paying a sum of about NIS 970,000 for a four-room apartment, the payment that the apartment winners will pay will amount to about NIS 747,000.

In the city of Sderot, whoever wins a four-room apartment measuring 100 square meters will enjoy a discount of about NIS 284,000, according to the following calculation: The average price per square meter in a four-room apartment measuring 100 square meters in a discounted apartment in Sderot is about NIS 7,000, while the average price per square meter for a new apartment of the same size in the city is about NIS 9,800.

So instead of paying a sum of about NIS 980,000 for a four-room apartment,

, told Walla !: Following the transition from price per occupant to target price, the discount in certain cities such as Netanya and Beer Sheva is limited, while in other cities where projects are included in the price per occupant program, for example in Ramat Gan. "45%. The decision to limit the amount of discounts is a sensible decision, but at the moment it has created a situation where there are lotteries that are worth more and lotteries that are worth less."

Tal Kopel, CEO of Madlan (Photo: Orit Pnini)

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