Foreign resident buys Jerusalem penthouse for NIS 12.25m
The buyer from Los Angeles has paid a record price for an apartment in the Mishkanot Ha’Uma neighborhood
Assessment
A foreign resident from Los Angeles has set a new price record in the Mishkanot Ha’Uma neighborhood by purchasing a penthouse for NIS 12.25 million. This transaction signals sustained high-end demand from overseas buyers in Jerusalem’s real estate market. The key question is whether this sale will push surrounding property values upward or remain an outlier for the area.