Profitable Investment Real Estate For Sale in Haifa, Israel
Haifa, located in northern Israel on the slopes of Mount Carmel, is a major port city that faces the eastern Mediterranean Sea.
Many world-class universities are located in Haifa, which is a major factor in supporting the luxury property market with academics, tech professionals, and foreign researchers working out of the universities.
Additionally Haifa's port is the largest seaport in Israel, and a major gateway for international trade and tourism, with good links to Tel Aviv, Nazareth, Tiberias, and the Galilee region supporting tourists tapping into the history of the region, and therefore the long- and short-term rental markets.
Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
