Galilee, historically rich and geographically brilliant, is anchored to the heart of the northern region of Israel. This region boasts a history that dates back thousands of years, including world-famous places of interest like the Sea of Galilee and the city of Nazareth. Its location above the Jordan Valley and its proximity to the Mediterranean Coast make it a focal point for residents and tourists alike. Embracing mountains, rivers, and a vast lake, Galilee is a unique geographic gem.
Current Real Estate Market in Galilee
The market for exclusive properties in Galilee is stable, balancing a constant demand with a diversified supply of exclusive houses and apartments. Galilee's political and economic situation remains stable, driving a confident climate for real estate investments.
Transaction Costs in Galilee
The average real estate commission paid by both a buyer and a seller when conducting a transaction is relatively low compared to other regions. However, additional costs such as transfer tax, real estate agent commissions, notary fees, and potential costs of building inspections or legal fees should be considered.
Taxes in Galilee
In Galilee, there are several taxes on property and earnings, including the transfer tax and the wealth tax. It's also important to consider taxes on profits made when selling a house or apartment, with different rates applicable depending on whether the property is used as a primary residence or a second home.
Mortgage Credit in Galilee
In terms of financing, mortgage requirements in Galilee are based on a balanced relationship between equity and credit, as well as on the income requirements of the applicants.
Residential Attractions in Galilee
The most sought after residential areas in Galilee are located in proximity to the main historical and natural destinations. Galilee boasts an excellent network of roads and train services, facilitating accessibility from larger cities and both national and international airports.
Facilities and Services in Galilee
Galilee hosts a considerable number of schools, universities, and other institutions, making it a great option for families. The natural environment of Galilee is spectacular, combining panoramic views with opportunities for sports and outdoor activities.
Other Attractions in Galilee
Galilee boasts a wide range of luxury stores, high-end hotels, and gourmet restaurants, making it an attractive destination for buyers of exclusive properties. Residents and visitors can also enjoy a vibrant nightlife, elegant entertainment, and annual cultural and sports events.
Infrastructure and Services in Galilee
Galilee's public infrastructure is robust, with a broad range of services available to residents. This, coupled with the presence of hospitals and clinics, makes this area a convenient and attractive place for the luxury lifestyle sought by many buyers of exclusive properties.
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