The Holy City
Discover Jerusalem's Real Estate
Jerusalem is located 60 kilometers east of Tel Aviv and the Mediterranean Sea with the Dead Sea on the opposite. Its neighboring cities and towns include Beit Jala and Bethlehem, Ma’ale Adumim and Abu Dis, Mevaseret Zion, and Giv’at Ze’ ev and Ramallah. The population of the city is estimated to be around 850,000 residents as of 2015.
Culture, History, and Business
Jerusalem is among the oldest cities in the entire world. It is located in the Middle East lies on a plateau within the Judaean Mountains, which sits between the Dead Sea and the Mediterranean Sea. It is considered a holy city by the Abrahamic religions, Judaism, Christianity, and Islam. Jerusalem has surged far beyond the Old City’s boundaries since 1860.
If the economy of the place is powerful, there is no doubt in the fact that you will get better returns. The economy of the place or country is a key factor in deciding your real estate investment. If we talk about the city of Jerusalem, the city is supported by a bunch of multinational firms that employ a high number of people in them. The leading employers of the city are in the technology and Education sectors.
Real Estate Appeal
If you take the time to observe, you will notice a lot of infrastructure development going on. You can find numerous world-class buildings being constructed in the present times. These happenings hint at the increasing opportunities in the property investment sector.
Jerusalem has a median property value of about around $317,400. The prices in Jerusalem increased by 5.8% in 2019, with a further 2.4% increase anticipated. Further analysis shows that rental yields at the city center are at a rate of 2.77% while outside the city center is 3.4%. The cost of renting a one-bedroom in the city center and outside the city is €986.08 and €728.12, respectively. Similarly, the cost of renting a three-bedroom in the city center and outside the city is €1,616.78 and €1208.44, respectively. The cost of an apartment in the city center is €7,460.18 per sq. meter while outside the city center cost €4,514.19 per sq. meter.
Before you go ahead to invest your funds, it is advisable that you get every detail about the city. Read on to find out the reasons to invest in Jerusalem as well as the hottest neighborhoods.
Explore Jerusalem's Real Estate
Local Real Estate Experts
Attractive Investments In Jerusalem
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