Home » Great Long Term Investment in Zichron Yaakov
Great Long Term Investment in Zichron Yaakov
Great Long Term Investment in Zichron Yaakov
Agriculture
Zichron Yaakov
Price List:
125 sq. m.
250 sq. m.
500 sq. m.
70 000 NIS per unit
130 000 NIS per unit
250 000 NIS per unit
The current Zichron Yakov project was offering 110 units of private land measuring 125 square meters each. There are now only 50 units remaining. With only 7% of land in the State of Israel being private, ccombined with an ever growing population, even private deep in the field, agricultural lands have risen in price consistently year after year. Currently, these lands can not be built on. However, they are located in the rapidly developing upscale town of Zichron Yakov, just 350 meters from a new residential neighborhood. There is expansion of residential neighborhoods, all the time moving closer in the direction of the lands we are currently marketing. The total price of a 125 square meter unit is 70,000 shekels (including land, taxes, maps, surveys, appraisal, legal registration), and is consistent with the current appraised value by the registered appraiser. This legal appraisal is called a ‘Tekken 22’ (see link here). As non residential/commercial lands keep rising at high annual rates, it’s not difficult to buy and hold for the long term and conservatively benefit from asset appreciation. This investment has other positive features, including that it’s within the town boundaries of Zichron Yakov and is in the direction of housing expansion. The potential for rezoning to residential in Israel has paid huge premiums throughout the history of the state.
Real Estate Agent in Israel
Real Estate Agent in Israel
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