One of the regular features we hope to bring our readers is a brief report about apartment sales in the Jerusalem area. We feel it is important information which will help those interested in buying apartments, enabling them to get a better grasp on current market values. Of course, there is no substitute for using a knowledgable Real Estate Agent or Property Assessor to help you estimate the value of a second hand apartment.
According to a report at Globes Online on Sunday, some recent apartment sales included the following: a small four room apartment in Rasco, needing renovation that sold for $4,072 per sq meter, a small three room apartment in Arnona that sold for $4,830 per sq meter, a small four room apartment in Armon Hanatziv, was sold for $2,470 per sq meter and a small apartment in the German Colony neighborhood, sold for $5,421 per sq meter. All of the apartments were 100 sq meters or less.
If you have not previously purchased a second hand apartment in Israel, you might want to read an article at gojerusalem.com written by Jerusalem based Attorney, Inor Bertental to get some pointers.