Tzfat

“The Center of Kabbalah”

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Otherwise referred to as “Safed”, It is a rich blend of ancient beauty and current-day holiday destination. Safed is a small town located in northern Israel in the Upper Galilee dense pine forests overlooking the Galilean Sea and Tiberias. It commands magnificent scenes and sights north to Lebanon and The Hermon, south to Tiberias, east to the Golan, and west to Mt. Meron & the Amud Valley. It is a rich blend of ancient beauty and current-day holiday destination. It has a small population of 27,000 residents.

Culture, History, and Business

The city is also referred to as the holy city, Safed is among the four holy cities in Israel. For years, the old city of Safed was conquered and reconquered – always changing hands.

In recent years, Safed has seen a boom in the tourism industry as Israel emerges from an economic crisis. Also, the city has benefited from the increase in net trading and economic positions, as well as the highly improved job market. The favorable economy started after the government changed its policy on numerous sectors, including economy and real estate. The policy transformation brought about a boost in production as well as exports. Foreign investments are also another major contributor. 

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Real Estate Appeal

Statistics show that Safed is beginning to witness a real estate boom. The recent growth in the city’s tech and manufacturing industries, coupled with the rise in public spending and tourism, points out the reason for the growth in the city’s property price. In the city center, the average property price is at $6,214.51 per square meter, but it is still more affordable than Tel Aviv and Jerusalem. It is expected that property prices in Safed will increase by about 30% in years to come.  

A significant benefit for foreign investors is that they require less documentation to buy properties in the country. Real estate demand from foreign investors keeps rising, thereby increasing property prices. It is anticipated that the trend will remain like this for an extended period. For every investor, this is the best time to buy property in Safed. 

As we mentioned earlier, Safed has something for everyone. So, if you wish to make a secure property investment, this is the right destination for you. Follow our next articles to find out more about the reasons to invest in Safed and the top neighborhoods to invest in.

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Explore Tzfat's Real Estate 

Why You Should Invest in Tzfat in 2020
Why You Should Invest in Tzfat in 2020

Why You Should Invest in Tzfat in 2020

As of today, real estate in Israel is expensive, and the government is trying to trickle the situation, regardless of the fact that the real estate market might drop at any time. However,...
Best Places to Buy Real Estate in Tzfat
Best Places to Buy Real Estate in Tzfat

Best Places to Buy Real Estate in Tzfat

Rental yields at the city center are at a rate of 2.48% while outside the city center is 1.81%. The cost of renting a one-bedroom in the city center and outside the city...

Tzfat's Real Estate Tips

📍Over 108 investors explored Tzfat

Why You Should Invest in Tzfat in 2020

Why You Should Invest in Tzfat in 2020

Best Places to Buy Real Estate in Tzfat

Best Places to Buy Real Estate in Tzfat

Local Real Estate Experts

Century 21
Century 21
RE/MAX Israel
RE/MAX Israel
Buy Property in Israel
Buy Property in Israel
Anglo-Saxon
Anglo-Saxon
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Add Your Business

Attractive Investments In Tzfat

📍Over 108 investors explored Tzfat

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