Purchase an investment property with as little as 20% down payment with the balance on completion.
Prices starting at 775,000 NIS for a four room apartment.
The rental income will cover a mortgage of 70%.
Why Afula?
Israel faces a serious shortage of housing which has been a major cause of rising property prices in the past few years.
The center of the country has become too expensive for young couples to afford housing which has led the government to providing incentives and developing infrastructure for housing opportunities outside of the main population centers.
Afula is a city located between Haifa and Beit Shean in the Northern part of Israel, a 1 hour drive from Tel Aviv and half an hour from Haifa.
Afula is the gateway to the Galil (North) benefiting from the strategic advantage in the region and also privy to tranquil, beautiful surroundings.
The Israeli government has earmarked Afula as one of the areas for most potential growth in the next few years.
A train line connecting Afula with Haifa and Tel Aviv will be completed in 2015. (Property prices have risen dramatically in cities with the induction of a train line. In Modiin property prices rose by 15% alone in the month of July 2007 when the train line was opened).
Afula is within a 15 minute drive from Road 6 and two major hi tech office parks of Yokneam and Migdal Haemek.
The comparative cost of the same apartment in other cities are:
Tel Aviv 2.5 M NIS
- Jerusalem 2 M NIS
- Raanana 2 M NIS
- Modiin 1.6 M NIS
- Beit Shemesh 1.3 M NIS
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