The Galilean Capital
Discover Tiberias's Real Estate
The city of Tiberias is located on the shores of Lake Galilee. It is constructed on a steep slope coming up from the lake, the town is then expanded over a vast area, with the most significant point some 1,500 feet above the level of the lake.
Culture, History, and Business
Tiberias, also referred to as Tverya is located on the shores of Lake Galilee. It has been the city capital of Galilee since its establishment during the Roman empire, and for centuries it has served as the administrative, religious and cultural center of the Jewish people.
Not only is it rich in history, but present-day Tiberias is also an epitome of holidays in Israel; this is due to the various activities the city has to offer.
In the real estate properties of the city, you may find every kind of property from luxury family homes to small apartments to large houses. Most properties that you will find on which investments can be made easily are villas, residences, and condos.
The city of Tiberias is a good investment option for investors as the city has a very stable and growing economy. Israel has a strong and robust economy. As the economy of the city is good, it depicts that more investment will be coming to the city, and the real estate market will also grow in the upcoming years.
Real Estate Appeal
Residential complexes are one of the properties that are always high in demand. The residential complexes consist of various kinds of apartments in them for singles, families, and couples. They usually contain similar facilities such as swimming pools, gyms, security at gates, community centers, etc. There are one-bedroom to four-bedroom apartments in these residential complexes. Also, you can find penthouses that consist of four to five rooms.
The prices of these apartments differ according to the location of the residential complex. The complexes that are nearby the natural habitats and have appealing views are usually more expensive than the others.
Rental yields at the city center are at a rate of 4.18% while outside the city center is 3.87%. The cost of renting a one-bedroom in the city center and outside the city is €720.75 and €512.33, respectively. Similarly, the cost of renting a three-bedroom in the city center and outside the city is €1,016 and €787.30, respectively. The cost of an apartment in the city center is €3,120 per sq. meter while outside the city center cost €2,766.42 per sq. meter.
No doubt, investing in Tiberias sets you on a good spot as a property investor. Follow our succeeding articles to find out more reasons to invest in this city and the hottest neighborhoods to put in your money.
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