The Capital of Negev
Discover Beer Sheva's Real Estate
Beer Sheva is the biggest city in the Negev desert of southern Israel. It is located at the center of the fourth most populated metro area in the country, the eighth-most populated of all Israeli cities with a population of 209,002 residents, and the second-biggest city behind Jerusalem.
Culture, History, and Business
Post-Israeli independence, the city of Beer Sheva, became a “laboratory” for Israeli, Mishol Girit, an area established in the late 1950’s. This was the first attempt to create an alternative to the standard public housing projects in Israel. Beer Sheva is also home to the Ben-Gurion University of the Negev and serves as a center for Israel’s high-tech industry.
Real Estate Appeal
Beer Sheva offers picturesque sights as well as serves as an industrial area that accommodates various international corporations. Since the number of students in Beer Sheva has been increasing over time, so is the demand for rental properties. The median price of an apartment in this city is about $350,000 per square meter.
The housing market in Beer Sheva is thriving and is projected to remain healthy. It is expected to rise in the first three quarters of 2020 since the construction activities are projected to witness steady growth this year. The demand is more or less stable, which will give the investors a chance to choose from the most luxurious and affordable neighborhoods. For someone who is planning to buy a property in this city, we would like to validate their decision. It is indeed the right place to invest!
Further market analysis shows that the cost of an apartment in the city center is €3427.39 per sq. meter while outside the city center cost €3043.20 per sq. meter. Rental yields at the city center are at a rate of 3.58% while outside the city center is 3.44%. The cost of renting a one-bedroom in the city center and outside the city is €566.67 and €530.75, respectively. Similarly, the cost of renting a three-bedroom in the city center and outside the city is €1,022.09 and €751.30, respectively.
If you’re interested in getting more details about why Beer Sheva is one of the best property investment destinations and also want to discover the neighborhoods with the best ROI, stick with us because we will discuss these aspects in detail in our next articles.
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