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Buying a buildable plot in Israel:
The rise in prices does not slow down in the real estate market, real opportunities are focused on buildable plots in hot areas, scarcity creates inflation especially during times when construction costs are at their lowest.
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Why invest some savings in a buildable plot?
Buildable lands registered in the private cadastre have gained immense value over the past 25 years, the new housing law Kahloun and other laws passed aim to reduce the cost of real estate create a boomerang effect, the demand is shifting towards buildable plots!
The rise in prices is directed towards buildable plots which are becoming extremely rare, villa constructions are favored by investors; competition is fierce in the construction field! This leads to considerable price drops, accompanying the decline in the index of private house construction in 2018. Developers prefer to combine several buildable plots to erect buildings; much more profitable!
“The interest rate offered by our banks doesn’t even reach 0.9%, a buildable plot yields much more”
The new Israeli trend is to bet on the rising prices of buildable plots suitable for the construction of cottages/villas.
“Villa prices are reaching peaks, regardless of location, today buying a house in Israel costs a lot”.
The goal is simple: to secure buildable lands in areas where construction is booming for a few years, once the demand for plots increases due to the fact that the supply becomes scarcer, sales can start, and transactions become more lucrative. (read the article)!
In Netivot, plots for sale at 500,000 Shekels in 2013 have seen their prices soar beyond a million Shekels in just a few years, despite tensions in the South of the country and near the borders, who would have believed it?
This type of investment is aimed at people who prefer to capitalize their money in a safe product, which would provide them with an average annual appreciation of 3%.
In which cities is it advisable to acquire buildable plots?
The least populated cities are the most interesting * (financially), prices are affordable, and the chances of price increases will be more significant. No need to aim too high, the starting prices are widely accessible, starting around 300,000 NIS (It is not advisable to take out a loan, as the rates eat into profits…)
The state, on its part, has done a lot of work to promote building permits in the peripheries and cities in full growth; Israelis must decide to leave the metropolises to settle in suburbs and cities with demographic decline.
For this, Israel has been drawing from the budget finances for 5 years for the purpose of improving public transport, expanding railways, creating new airports, and redrawing roads will allow “to connect the whole country”!
Bet on cities where the price per square meter is likely to jump by more than 30%: (Price per square meter for a buildable plot).
How to choose the next city of tomorrow? Which region will make a difference?
We have selected for you the 6 upcoming cities that will make waves in 2019:
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Investing in Israel:
The ideal investment recognized today by the greatest experts is Israeli land, no one has been wrong so far, Israeli real estate is making headlines, and this is just the beginning.
The size of the territory is the primary cause of this upward effect, few lands are released by the state, taxes are kept high which does not make things easier, a slowdown in construction is being felt, but still, it keeps rising!
So what is happening, why are prices not slowing down?
Most Israeli metropolises have received permits called “eskkem gag” the right to use rooftops, cities are being designed upwards, requests for building elevations, additional floors (Tama38, pinot binouy) are pouring into local committees.
Landowners are warned, their lands are turning to gold, owning just a plot of land in the right location can change a life, a small abandoned house on a plot in the middle of a city of barely 250m2 can reach several millions, or even many apartments in exchange; a new life for the lucky ones.
The plots are verified by our service, Israland takes care of everything:
Registration in the cadastre – building permits – seller’s background – optimization of building permits – taxes & legal study.
[fusion_button link=”https://fr.isra.land/get-quote/” title=”” target=”_blank” link_attributes=”” alignment=”center” modal=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” color=”default” button_gradient_top_color=”” button_gradient_bottom_color=”” button_gradient_top_color_hover=”” button_gradient_bottom_color_hover=”” accent_color=”” accent_hover_color=”” type=”” bevel_color=”” border_width=”” size=”” stretch=”default” shape=”” icon=”” icon_position=”left” icon_divider=”no” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]Are you interested in buying land in Israel? Sign up on our form [/fusion_button]
What possibilities do I have with a buildable plot?
- Build your dream home, construction prices are falling, unlike the tourism market which is doing well. You can always rent it out during periods of absence.
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Faites une plue value rapide :Réalisez les plans de construction avec l’aide un architecte , vendez les autorisations de constructions avec le terrain , profit assuré !
- Be patient as prices rise in the region, wait patiently, the transaction should take place at the best moment.
- Since 2017, each building permit allows for the construction of cottage houses (Co-ownership by party wall), regardless of size, so two houses for the price of 1 plot.
Miscellaneous facts on the subject:
In central Raanana, dozens of buildable plots were purchased over 10 years ago, and no construction project has started yet.
Incredibly patient buyers prefer to wait before putting their properties back on the market, or will likely receive a construction index exceeding the unimaginable. Why not several buildings?
This strategy pays off; real estate in Raanana has exceeded 150% over the last decade, and high-rise constructions are breaking records. These plots today are valued well beyond the local market due to their rarity in Raanana and throughout the Sharon region. Developers will pay dearly for their building rights! #affaireasuivreisraland
So, how do I acquire my first buildable plot in Israel?
- Decide on a location, area, or city
- Establish a budget related to your acquisition. Construction budget if you wish to build, or if you prefer to carry out a financial operation, at that moment: only the purchase budget is necessary.
The crush…
Visit the plot yourself, or if you are unable to, designate a trusted person who could give you an opinion and describe what they saw. An aerial video also works very well; ask the seller or your Israland advisor to provide one…
Study the building permit, rates, and construction possibilities.
Get to know the region, inquire about the municipality, upcoming planned developments, local news. A city in full expansion is felt; trust your instincts, many have regretted being poorly advised.
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