Real estate in Maarav

Apartments in Maarav

The housing stock of the Old West is uneven. On the market you will find small 2- and 3-room apartments, family 4- and 5-room properties, refurbished apartments, homes in renewed buildings, and rarer duplexes, mini penthouses and penthouses.

The difference in price even between neighbouring buildings can therefore be significant. Price is driven by:

• floor area and layout
• the condition of the apartment and of the building
• floor, lift, parking, balcony
• renovation work carried out
• the position of the building
• the outlook for urban renewal

Which is exactly why an average price per square metre does not always show the real value of a particular apartment.

Compact apartments and a first purchase

One of the interesting features of older housing stock is that relatively small apartments can be found. For a buyer that can mean a more affordable way into the Rishon LeZion market than a large family apartment or a new project.

Such properties appeal to young couples, first-time buyers and investors. But a low price alone does not make an apartment a good buy: the condition of the property, the need for refurbishment, the state of the building and the costs that follow the deal all have to be weighed.

Large apartments in older stock

The other side of the market is spacious apartments in older blocks. Sometimes a buyer gets a large floor area for the price at which a new project offers something far more compact. For a family that can be a real advantage.

But here the layout deserves particular attention. A large area on paper does not always mean a comfortable apartment, so the property has to be judged as a whole: rooms, circulation, kitchen, balcony, floor, parking and the condition of the building.

Urban renewal

The Old West is changing gradually. TAMA 38 projects have already been carried out in this part of the city, existing buildings have been upgraded, and new residential complexes with large apartments and mini penthouses have appeared.

For an owner that can raise the appeal of a property, and for a buyer it creates additional potential. But the rule stays the same: a promise of future renewal is not a fact. If a seller talks about TAMA, pinui-binui or another scheme, its real status and documents need checking.

How to choose an apartment here

The defining feature of this market is that apartments have to be compared in person. An advert shows the room count, floor area and price, but does not always reveal the real condition of the building and the apartment.

We recommend viewing several suitable properties in a row. After three or four apartments in the same price range a buyer understands the market far better: where the price is justified by refurbishment and features, and where the owner has simply asked too much.

Who Maarav suits

The Old West can appeal to very different buyers:

• a young couple, thanks to smaller apartments and a more affordable entry to the market
• a family, thanks to spacious apartments and existing city infrastructure
• an investor, thanks to smaller properties, rental demand and the renewal potential of older stock
• an owner-occupier, thanks to the choice between an older block, a renewed building and a more modern project in the same part of the city

Our experience in western Rishon LeZion

The western and central parts of the city are a market we have worked in for many years. We know the difference between older housing stock, buildings that have been upgraded and modern property.

Our books in this part of the city hold both small apartments and spacious family homes. That lets us compare an apartment not only with online adverts but with properties we have already seen and valued in practice.

Selling an apartment in Maarav

In older housing stock presenting the property properly matters especially. If an apartment has a good layout, parking, a lift, has been refurbished or sits in a renewed building, those strengths should be clear to a buyer before the viewing.

We use a professional presentation of the property, photography and video, social networks, the main platforms, our own buyer base and cooperation with other agents. The aim is not to collect as many calls as possible, but to find the buyers the particular apartment genuinely suits.

Working with buyers and owners

For a buyer this is a chance to compare several properties and districts, test the strengths and weaknesses of an apartment and avoid deciding on the strength of one advert. For an owner it means assessing the real competition, preparing the property properly and building its promotion.

We also work with owners living outside Israel: after the deal we can help with letting the apartment, finding tenants and arranging viewings. More on the Owners abroad page.

Why the local market matters so much here

The Old West is a market where the price of an apartment is made up of a great many details. Two properties with the same room count can sit in neighbouring buildings and still, quite reasonably, be worth different sums.

Experience with particular streets, buildings and real properties therefore counts especially. For a seller our task is to bring the apartment to market properly; for a buyer, to find property genuinely worth the price being asked.

Where to start

If nothing suitable is available right now, you can leave your search parameters: budget, room count, floor area, floor, parking and any other requirements.

We will check current offers and, if useful, compare them with apartments in neighbouring districts such as Rambam in the centre or Ganei Rishon with its newer housing.