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With All Due Diligence Respect

We recently were involved in a very small deal in Jerusalem, and I mean tiny. We sold a 15 square meter (sqm), or approximately 160 square foot, studio in Rechavia for 500,000 NIS, or $130,000.

Everything about the unit appeared to be kosher, despite its diminutive size: the building drawings were recorded in the municipality and the unit was registered in TABU (land registry). Accordingly, and against our advice, the purchaser did not apply for a mortgage prior to signing the contract, as he had good credit and was only planning to borrow a relatively small portion of the purchase price.

That was a mistake.

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2017-02-26 18:02:41
Jerusalem Real Estate: Intrigue and Irony

 7 Chovevei Tzion in Talbieh (7chovevei.com). Photo: Josh Gold of Serio Films

After the establishment of the State of Israel, many architecturally distinctive homes got chopped up into small apartments and were populated by displaced families and immigrant families. By the 1960s, these formerly majestic buildings became rundown, due to the heavy wear and tear that they endured, and many of these structures were abandoned.

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2017-02-09 22:40:49
Jerusalem’s Streets: Neighborhood Themes

 Israelis hilariously pronounce this street Rechov Linc-o-lin. (Photo: rjstreets.com)

Throughout the world, many neighborhoods have groups of streets with names related to a specific theme. For example, growing up in Long Beach, New York, I lived on Walnut Street and my friends lived on Olive, Pine, Maple and Beech. Similarly, most of Jerusalem’s neighborhoods have street name themes. 

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2017-01-17 16:13:07
Mitzpe Ramon: Not Just a Resort Town

 The Ramon Crater  (Photo: CC-BY-SA Avi Yotham, Wikipedia)

In addition to its wonderful tourist attractions - the Ramon Crater (Machtesh) and the luxurious Bresheet Spa - Mitzpe Ramon is gaining a reputation as an affordable neighborhood which offers its residents a wonderful quality of life.

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2017-01-11 17:33:19

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