Israeli Real Estate Market

Your ultimate guide for the Israeli Real Estate market

If you have just arrived in Israel in search of investing in a property or you’re already living here and are ready to take the plunge into becoming a property owner, then it is important to know the playing field as to what types of properties are out there and how the real estate market in Israel divides these properties. Below, we’ll explore the various property types available in the Israeli real estate market to help you make informed decisions when embarking on your property search.

Types of Properties

When looking for a property, note that in Israel the living room is counted as another room, meaning if you need a 3-bedroom apartment you are in fact looking for a 4-room apartment. A local real estate agent will be able to guide you through the differences in property types as well but for now, here are the main ones.

Apartments

Apartments are the most common property type in Israel, especially in urban areas like Tel Aviv. They come in various sizes, from compact studios to spacious penthouses. Apartments are typically situated in high-rise buildings and offer a wide range of amenities, including 24/7 security, parking, and communal areas. They are ideal for individuals, couples, and small families looking for a modern and convenient lifestyle. There are also the gems within the American-German Colony neighborhood or Neve Tzedek where the buildings offer a more authentic architectural feel.

Duplex Apartments

Duplex apartments are essentially two-level apartments connected by an internal staircase. They offer the advantage of separate living areas on each level, providing more space and privacy. Duplexes are ideal for families or individuals who appreciate the layout of a house but prefer the convenience of apartment living. Sometimes one may even find a Triplex which is, as the name suggests, a three-level apartment.

Garden Apartments

Usually situated on the ground floor, it’s an apartment that offers an entrance into a yard. These types of apartments can be one floor or be part of a duplex.

Penthouses

Penthouses are luxury apartments. They may be at the very top of the building or be comprised of connecting two adjoining apartments and sometimes an entire floor. They often boast panoramic views of the city or sea and come with spacious terraces or rooftop gardens. Penthouses are coveted for their exclusivity, making them a choice for those seeking a prestigious urban lifestyle.
There is also what is known as the “mini penthouse”, which is usually at the top of a building and a bit larger in size than a regular apartment plus a large terrace.

Villas and Houses

For those seeking more space and privacy, villas and houses are popular choices. These properties often come with private gardens, yards, and sometimes even swimming pools. Villas and houses are suitable for larger families or individuals who value outdoor living spaces and tranquility. You can find villas and houses in suburban areas, towns, and rural regions across Israel. In Tel Aviv, you can find these sprinkled throughout parts of the city as well, whether in the Old North or in the heart of Neve Tzedek.

Investment Properties

Israel’s real estate market is also rife with investment opportunities. These can include small apartments, commercial properties, or rental units within apartment complexes. Investors look for properties that provide consistent rental income or appreciate over time, capitalizing on Israel’s strong real estate market.

Conclusion
Israel’s real estate market is as diverse as the country itself, offering a wide range of property types to cater to various lifestyles and preferences. Whether you’re considering purchasing property in the bustling streets of Tel Aviv, the historical neighborhoods of Jerusalem, or the serene landscapes of Galilee, understanding the different property types is essential. If you want to know more it is always a good idea to speak with a real estate agent who has knowledge of the market and specific property types.

Tanya Harel | Aug 27, 2023