Airless Jerusalem apartment? Sold for $1.05m.

May 27, 2008 - 10:14 AM by Nicky · 1 Comment
Filed under: Business, General, Life 

Mmm. What would I do if I had $1 million to spend?

Buy an airless apartment in Jerusalem of course…

Things are getting so ludicrous in the real estate market here that a small 75-square meter apartment in Kfar David, which overlooks the Old City, sold for $1.05 million recently, even though the windows only face in one direction. What a bargain!

The purchaser was a Jewish European businessman who paid about $14,000 per square meter. Other apartments in the complex (those with more than one set of windows) sell for up to $25,000 per square meter.
jerusalem 2.jpg

Real estate agents were complaining that the drop in the dollar rate against the shekel was impacting sales.
Not too badly it seems.

Ah, to be a millionaire. The treasures it buys.

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