The search for an expandable, four-room (3 bedroom) ground-floor home with a garden in Givat Zeev for under 3 million NIS is a quest for a rapidly vanishing asset class. Just a few years ago, this was a realistic goal. However, as of late 2025, the market has shifted dramatically, making this a significant challenge that requires a contrarian approach to value.
Givat Zeev, a popular suburb of Jerusalem, has seen property values soar, driven by families seeking more space and a strong community feel. A standard four-room apartment in a regular building now trades for between 2.8 million and 3.2 million NIS. A ground-floor unit with a garden and, crucially, “expansion options” (zechuyot bniya), carries a substantial premium. The legal rights to build an extension are a valuable asset in themselves, often adding hundreds of thousands of shekels to the property’s price. Today, a property matching your exact description would typically be priced between 3.4 million and 3.8 million NIS.
So, does anything exist under 3 million? The answer is yes, but with compromises. You would need to look for “opportunity” properties. This could mean an older property in need of a complete renovation, which an investor might sell at a discount. It could be in a less sought-after part of the neighborhood. Or it might be a property where the expansion rights are legally complex or not yet fully approved, introducing a level of risk. An investor looking at this would see the potential: buy the “ugly duckling” property for under 3 million, invest 400,000 in renovations and permits, and create a property worth 3.6 million. For a family buyer, it means you must be willing to take on a project. The dream is achievable, but not as a turnkey purchase.
Too Long; Didn’t Read
- The market price for a property matching this description in Givat Zeev is now typically 3.4 million to 3.8 million NIS.
- Finding one under 3 million is very challenging and requires looking for a property with compromises.
- Look for older units needing significant renovation or properties in less desirable locations.
- Be prepared to purchase a “project” house that requires additional investment to realize its full potential.
