Does each apartment have a buyer?
A particularly unusual ad published recently on the Yad2 website reveals the madness of housing prices in Israel, which sometimes seems to cross the boundaries of the imagination.
And this time: an 11-square-meter apartment in Petah Tikva, offered for sale for no less than NIS 1.14 million.
The owner of the property even increased the amount and wrote in the ad: "There are no such properties in the big city!
Single room apartment.
Residential taboo.
Renovated.
Ground floor.
11 sq.m.. Investment opportunity. The tenant stays for rent for NIS 3,000 per month for the long term.
To put it bluntly, this is NIS 100,000 per square meter - a "price tag" that characterizes the Tel Aviv coastline, and not the city of Petah Tikva.
It should be noted that such prices are a result of the recent atmosphere in the market, according to which each apartment has a buyer - even if the price is exorbitant.
Has this ad set a new benchmark for imaginary real estate prices in Israel? Days will tell.
Were we wrong?
Fixed!
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