Haifa apartment with 63 sqm balcony sells for 1.55 million shekels

A 40-square-meter two-bedroom apartment in Haifa, featuring a 63-square-meter balcony, sold for 1.55 million shekels, placing it at the high end of the city's market for such units. The apartment, located on Alhanan Street in the Carmel Center, has its bedroom doubling as a safe room. Over 200 similar two-room deals have been recorded in Haifa since early 2026, with prices ranging from 350,000 shekels in older areas to over 2 million in prime locations. The building, constructed in 1998 with an unusual stepped design, lacks penthouses, giving the third-floor units the largest balconies. An appraiser deemed the price reasonable, noting the balcony adds significant value for buyers seeking outdoor space in a desirable area.