A budget of 360,000 USD, which is approximately 1.35 million NIS at current exchange rates, places you in a very interesting and competitive segment of the Israeli property market. While it won’t buy a family apartment in Tel Aviv or Jerusalem, it is a powerful budget for a strategic investment if you know where to look. A contrarian investor would avoid the obvious choices and focus on markets poised for future growth.
Forget the center of the country. The game here is to identify areas benefiting from major infrastructure development or demographic shifts. One prime area to consider is the North, in cities along the train line like Nahariya or Akko. Here, 1.35 million NIS can still purchase a modern three- or even four-room (2–3 bedroom) apartment in a new building. These areas are attracting young families and have a steady rental demand, offering a reasonable rental yield of around 3% to 3.5%.
Another strategic play is in certain parts of Beersheba. As the technology and cyber hub of the south, the city has a growing population of professionals and students seeking quality rental housing. Your budget could potentially buy two smaller, older apartments in well-located areas near the university or the high-tech park. This “two-for-one” strategy diversifies your investment and can generate a much higher combined rental yield, potentially reaching 4% to 5%. While our listings change constantly, our investment advisory focuses on these types of high-potential areas. The key is to shift focus from the crowded, overpriced central markets to the peripheral areas where real growth is set to occur.
Too Long; Didn’t Read
- A 360,000 USD (1.35 million NIS) budget is best used for investment outside of central Tel Aviv and Jerusalem.
- Consider buying a modern 3–4 room apartment in northern cities like Nahariya, which have strong rental demand.
- Alternatively, look at Beersheba, where you could potentially buy two smaller apartments, diversifying your investment and increasing your rental yield.
- The strategy is to invest in peripheral areas with strong future growth potential.
