A 127 sq. meter, five-room, fifth flooring penthouse with 55 sq. meter and 10 sq. meter balconies on Hoshen Avenue in Ness Ziona has been bought for NIS 5.4 million.
The typical four-room residence within the metropolis sells for NIS 2.9 million and the typical five-room residence for NIS 3.9 million.
The high-end market in Ness Ziona focuses primarily on homes and gardens, and there have already been a number of houses bought for NIS 8 million or extra. Lately, a home within the Ramat Semel neighborhood bought for NIS 7.6 million. Nonetheless, relating to penthouses in residence blocks, costs drop considerably in direction of NIS 6-6.5 million, however provided that they’re giant flats.
Hoshen Avenue is west of Africa-Israel’s Savionei Netzer Sereni venture. It is a neighborhood that was inbuilt 2008 with homes to the north and south, five-story residence blocks alongside Hoshen Avenue, and nine-floor blocks to the east.
The venture through which the residence that was bought is positioned was constructed by U. Dori, after receiving a constructing allow on the finish of 2010 and accomplished in July 2013. The block has 19 flats, together with two penthouses on the fifth flooring.
Current offers present that two five-room flats on Hoshen Avenue had been bought for round NIS 4.2 million, whereas a five-room, 146 sq. meter backyard residence, with a big 300 sq. meter backyard was bought for NIS 5.9 million.
The 127 sq. meter penthouse isn’t giant in contrast with commonplace penthouse flats, most of that are no less than 140 sq. meters. Thus a state of affairs has arisen in which there’s a 40% hole in worth between 5-room penthouse flats and common 5-room flats however there may be solely a 25% distinction on this transaction.
Due to this fact, the value appears affordable
Yaronadlan actual property dealer Yaron Ben Bechor stated, “The value displays the demand for this neighborhood. If I had taken this residence with its specs, and provided it in neighborhoods like Savioni Netzer and Lev Moshava, it could have bought for a cheaper price.
“If I examine with common flats, the costs of 4-room flats within the neighborhood attain NIS 3.4 million, so the value distinction between this deal and common flats appears affordable to me. When it comes to house, I believe it is a spacious residence, however not a big penthouse, however anybody who needs to purchase an residence with a balcony will probably be keen to pay loads for it.”
“The residence’s house is small, and that is a part of the reason,” Yogev Oved, of the Yogev Properties Group says. “There are penthouses within the space that bought for round NIS 5.5 million, however there are some that bought for costs nearer to NIS 6 million, however these had been a lot bigger flats.”
Printed by Globes, Israel enterprise information – en.globes.co.il – on January 25, 2026.
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