Beersheba 4-Room Apartment Sells for 1.17M Shekels Amid Rising Housing Costs

Real estate prices in Israel continue to present significant challenges for young couples and buyers, as purchasing a new apartment in the Sharon region now requires between 3 million and 3.5 million shekels. Even with an initial equity of 1 million shekels, buyers face substantial monthly mortgage payments ranging from 10,000 to 12,500 shekels. To overcome these hurdles, many turn to renting or look toward the periphery where property remains more accessible.

Recent housing transactions highlight notable market deals across several cities. In Beersheba, a 115-square-meter four-room apartment featuring a 12-square-meter balcony, an elevator, parking, and a protected room (mamad) on Nahum Goldman Street in the Ramot neighborhood was recently sold for 1.17 million shekels. Additional deals in Beersheba include a 50-square-meter three-room apartment on Avraham Avinu Street in neighborhood Alef, which sold for 700,000 shekels, and an 80-square-meter 4.5-room apartment on Ibn Gabirol Street in neighborhood Bet, which fetched 1.02 million shekels.

Transactions in other regions also reflect varying price points according to local demand. In Ashdod, a 2.5-room apartment on Eilat Street in Quarter Alef covering 51 square meters was sold for 1.35 million shekels, while a larger 146-square-meter four-room apartment with a balcony, elevator, parking, and a mamad on Heshvan Street in Quarter Yod-Bet reached 2.28 million shekels.

Further central market activity includes an apartment in Azor on Kaplan Street featuring 85 square meters of living space and a 12-square-meter sun balcony on the seventh floor with an elevator, parking, and a mamad, which traded for 2.37 million shekels. In Rishon LeZion, a three-room apartment on Ge'ulim Street spanning approximately 70 square meters with a sun balcony, a sukkah balcony, and parking was sold for 1.73 million shekels.