Seven apartments were also sold in Jerusalem’s Mishkanot David project.

An apartment on Benjamin Metudela Street in Jerusalem’s luxury Rehavia neighborhood was sold for NIS 3.85 million, according to the Israel Tax Authority database. Details of the apartment, the buyer and seller were not disclosed. Apartments in the downtown neighborhood are among the most expensive in Israel, with prices starting at NIS 20,000 per square meter.

Austis Ltd. has sold seven apartments in its Mishkanot David project on Bethlehem Road in Jerusalem’s Baka neighborhood in the past month. An 85-square meter three-room garden apartment with a 70-square meter yard was sold for NIS 1.46 million, and a 100-square meter four-room apartment with a 12-square meter balcony was sold for NIS 1.53 million.

Published by Globes [online], Israel business news - www.globes-online.com – on August 9, 2010

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