Best Places to Buy Real Estate in Nahariya

TikTak Houses
April 26, 2020
Views 80

If you are planning on investing your money in Nahariya, it is best to shortlist some locations that are better in terms of real estate value. All these neighborhoods make the best locations in the city of Nahariya. Plus, various other aspects play a crucial part in real estate investment. Some of these factors are transportation, education, and others. To help you with it, we have compiled some data about various locations. Below is a list of the best value areas in the city

Nahariya | nahariya.muni.il

Town Center

The Town Center of Nahariya is a densely populated neighborhood. The property market in this neighborhood comprises mostly small-sized two-bedroom apartments and medium-sized three-bedroom or four-bedroom stone houses. Renters and owners occupy the majority of residences here, and most of them are well-fashioned and not old.

They were developed between 1970 and 1999 while some of them were constructed earlier. This area has a strong demand for real estate; therefore, the vacancy rate is low. The current vacancy rate stands at 6.8%, which places it among the lowest in the country.

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The median property price in Nahariya’s Town Center is $228,432, making it costlier than 46.9% of Nahariya neighborhoods and 51.3% of Israeli neighborhoods. Also, the average cost for rentals in the Town Center is $1,386.

Givat Osishkin

Givat Osishkin is among the most expensive neighborhoods in the city. Its housing market primarily consists of medium-sized three-bedroom or four-bedroom and large four-bedroom or five-bedroom stone houses. Again, the properties here are mostly occupied by renters and owners. Also, this neighborhood has a large chunk of older buildings that were constructed between 1940 and 1969. You can also find new homes in this area.

The supply of real estate here is tight, coupled with an overblown demand; therefore, this suburb has a current vacancy rate of 0%, which makes it lower than 100% any Israeli neighborhoods.

In Givat Osishkin, the median property price is $386,030, and this makes it pricier than 81.4% of Nahariya neighborhoods and 75.2% of the entire country’s neighborhoods. Further, the average cost for rentals in this suburb is $2,053.

Green Nahariya | railtech.co.il

Green Nahariya (Nahariya Yeruka)

Nahariya Yeruka is a mildly dense neighborhood with a housing market which comprises of medium-sized three-bedroom or four-bedroom stone houses and four-bedroom or five-bedroom townhouses. The owners occupy a significant amount of the properties here, and most of them are well-fashioned and not old.

They were mainly constructed between 1970 and 1999 while some were built a bit earlier. With high demand and limited supply, the property market here has a low vacancy rate. The current rate is 4.4% making it lower than 78.4% of the country’s neighborhoods.

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In this suburb, the median housing price is $346,017, making it costlier than 75.3% of the city’s neighborhoods and 71.1% of the country’s neighborhoods. More so, Nahariya Yeruka has an average rental price of $2,013

Amidar

Amidar is considered to be among the most affordable neighborhoods in this city. It has a real estate market that consists of small-sized two-bedroom high-end apartments and medium-sized three-bedroom or four-bedroom stone houses. The owners and renters occupy the majority of the residences here.

Also, a lot of them are nicely fashioned and not old; they were constructed between 1970 and 1999. You can also find several new generation homes here. This neighborhood also has a strong real estate demand, which is above the national average, thereby having a low vacancy rate of 7.1%. This makes it lower than 60.6% of neighborhoods in Israel.

Presently, the median housing price here stands at $251,986, and this makes it pricier than 54.2% of Nahariya neighborhoods and 57.3% of Israeli neighborhoods. Also, the average cost for rentals in Amidar stands at $1,481.

Amidar | themarker.com

Ein Sara

Ein Sara is a densely populated neighborhood. Its housing market comprises of medium-scaled three-bedroom or four-bedroom stone houses and large four-bedroom or five-bedroom townhouses. Most occupants in this suburb are property owners, and the majority of the properties here are new. They were developed between 2000 and now. You can find a handful of older buildings here. Again, the property market in Ein Sara has a strong demand, thereby making it have a low vacancy rate of 5.9%.

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The median housing price in Ein Sara is $505,043, and this makes it pricier than 91.6% of the city’s neighborhoods and 84.2% of the entire Israeli neighborhoods. Also, the average rental price in this neighborhood is $3,306, making it costlier than 99.1% of the city’s neighborhoods.

Start Investing in Nahariya

If you are planning on investing in the real estate property, you need to keep a check on all these factors before stepping into the niche. You have found out the various benefits you stand to get by investing in Nahariya. So, invest now and position yourself to earn a huge ROI over time.

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