Bat Yam: The investor held the apartment for 4 years and sold it for less than he bought it

A 2.5-room apartment in Bat Yam was sold for NIS 1.62 million, after the investor purchased it for NIS 1.66 million about four years ago. The sellers, a young family, understood the market situation and lowered the price. The buyers are a young couple who bought it as an investment; the apartment is rented for NIS 4,450 per month.

A 2.5-room apartment in Bat Yam was sold for NIS 1.62 million, after the investor purchased it for NIS 1.66 million about four years ago. The apartment, 57 square meters on the fourth floor with parking and an elevator, was on the market for about three months at an asking price of NIS 1.73 million. The sellers, a young family who bought the apartment as an investment, decided to sell due to purchasing another residential apartment. The buyers are a young couple who bought the apartment as an investment; it is currently rented for NIS 4,450 per month. The agent, Shiri Noa Hasson, reported that the sellers understood the market situation and lowered the price quickly. According to her, those who bought at the peak and want to sell today are likely to sell at a lower price. She noted that the Bat Yam market is awakening with the return of investors and demand from overseas residents from the US and Europe, but supply is still large and the power is in the hands of buyers. The article also includes a list of additional second-hand transactions from Jerusalem, Ramat Gan, Kiryat Ono, Dimona, and Karmiel.