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In the shadow of the Bank of Israel Governor's decision to keep the interest rate at 4.5%, the used apartment market (second-hand apartments) continues to falter behind the new apartment market, which seems to be starting to wake up in recent months in light of the contractors' promotions.
Mortgage consultant Daniel Zandani, a franchisee of the Doro network for mortgage consulting, explained that the governor's decision not to lower the interest rate has a direct impact on the second-hand apartment market, which, according to the CBS, activity in it continues to decrease in recent months, compared to the new apartment market. According to Zandani, the benefits given Today, the developers caused investors to switch from buying second-hand apartments to buying new apartments in the presale stages, the delivery date of which is for another three or four years. Besides reducing the risks, this benefit that the developers are offering today embodies a significant discount in the price of the apartment, since the developer absorbs the interest cost.
In contrast, in the purchase of a second-hand apartment Second, the buyer needs to take out her mortgage from day one, and although he can also benefit from the rent, in light of the high interest rate, in many cases the rent does not cover the repayment of the mortgage.
Still, this week there were several interesting transactions in the used apartment market, among them one transaction in the city of Haifa in which an apartment was sold in a neighborhood Ein Hayam for one million shekels.
Below are details of the transaction in Haifa and other transactions that took place this week:
Tel Aviv
3-room apartment, Serlin Street, Kfar Shalom neighborhood, 62 square meters, floor 8 out of 8 with an elevator, sold for NIS 2,150,000 (Re/Max Ocean)
3-room apartment in Nahal Oz, Jaffa, 60 square meters, 2nd floor out of 3, sold for NIS 2,270,000 (Re/Max Ocean)
4-room apartment, Natan Elbaz Street in Neve Eliezer, 90 square meters + 7 square meters balcony, 2nd floor out of 9 with parking and elevator, sold for 2,620,000 (Re/Max Ocean)
5-room apartment, Stimatsky Street in the new Ramat Aviv, 126 square meters + 11 square meters balcony, floor 7 out of 12, with elevator and parking for NIS 5,600,000 (Re/Max Ocean)
Kiryat Ono
4-room apartment, Bialik Street, 110 square meters + 12 square meters, 6th floor out of 9 with elevator, sold for NIS 2,665,000 (Re/Max Platinum)
4-room apartment, Levy Eshkol Street, 111.5 square meters + 11 square meters balcony, floor 11 out of 16 with an elevator and with 2 parking spaces and a warehouse, sold for NIS 3,030,000 (Re/Max Platinum)
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Kfar Saba
3.5 room apartment, Mapo Street, Maoz neighborhood, 113 square meters, floor 7 out of 8 with an elevator, sold for NIS 2,350,000 (Re/Max ONE)
Haifa
2-room apartment on Derech France Street in the Kiryat Sheprincek neighborhood, 2nd floor out of 4, about 50 square meters, no parking and no elevator. Sold for NIS 900,000 (Anglo Saxon)
A 3-room apartment on Yair Stern Street in the Ein Hayam neighborhood, about 60 square meters, 3rd floor out of 4, without private parking and without an elevator, sold for one million shekels (Anglo Saxon)
Ashdod
3-room apartment, Shabi Zion Street, District 1, 91 square meters with an interior balcony, 4th floor out of 4, sold for NIS 1,480,000 (Re/Max TOGETHER)
5-room apartment, Shevat Shimon Street, 12th district, 166 square meters + 12 square meters balcony, 5th floor out of 10, with parking and elevator, sold for 2,930,000 (R/Max TOGETHER)
Beer Sheva
4-room apartment, Chen Street in the new V. neighborhood, 106 square meters, floor 7 out of 9 with an elevator, sold for NIS 1,080,000 (Re/Max Plus)
A 5-room cottage, Mofeh Erez Street in the new V. neighborhood, 150 square meters + garden with adjacent parking, sold for NIS 1,600,000 (Re/Max Plus)
5-room apartment, Livna Street in the Neat Hadrim neighborhood, 169 square meters + 20 square meters balcony, 6 floors out of 14, with parking and an elevator, sold for NIS 1,835,000 (Re/Max Plus)
4-room apartment, Sderot Yaalim Street in the 5th neighborhood, 95 square meters, floor 8 out of 8 with an elevator, sold for NIS 1,050,000 (Re/Max Plus)
streets
3.5 room apartment on Alkalai Street, approx. 95 square meters, floor 1 of 3. Sold for NIS 2.32 million (Anglo-Saxon)
Garden apartment on Yavne road, 65 square meters + 60 square meters garden, floor 0 out of 7, with elevator, parking and storage.
Sold for NIS 2.425 million (Anglo-Saxon)
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Haifa