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Current Jerusalem real estate situation

If you’re hoping to move to Jerusalem or the surrounding areas, you may want to do a little bit of research before you buy or rent a home in the area. After all, you’ll probably end up spending at least a few months there, so it’s best to be sure you are getting exactly what you want, before you make a commitment. The following information should help you, as you prepare to research various properties and assets in the area.

Tips for Buying and Renting

Whether you plan on buying a property or renting one, you would want to know exactly what you are looking for before you sign any contracts. Jerusalem is a place where different cultures are generally separated into regions, which means that you should look at the culture of the specific area before you decide if you’re going to live there. You should also make a helpful checklist of the things you need in the home or apartment, as well as the amenities that you need in the area.

Jerusalem rentals are looking a bit more favorable at this time, since housing rates are currently on the rise. In the past year, the cost of home ownership rose about eight and a half percent, which outpaced inflation by a large margin. At this time, Jerusalem rentals look a bit better from an economic standpoint, so if you can wait for conditions to improve before purchasing, this would likely work better for you.

Elisha House apartment
Elisha House apartment

Where to Live

Jerusalem is a very orthodox religious area, and as a result, different neighborhoods have different standards. For example, some neighborhoods do not allow driving on Saturday in observance of the Sabbath. Such neighborhoods include Kiryat Menachem and Ramat Eshkol, for example. These are very good places to live if you prefer to be immersed in this culture. However, if you would rather live in a lesst raditional religious area, other neighborhoods may be best for you.

Areas such as Talbiya, Old Katamon, and Kiryat Shmuel might better suit your needs and desires. If you prefer a more secularized area, moving further southwest may be better for you. The German Colony, Baka, and Beit Hakerem would likely be a lot more comfortable and convenient for you in this case.

Not sure? need more info before you decide? Feel free to contact us.