Once an apartment in the posh Rehavia neighborhood was the trophy for foreigners looking to buy in Jerusalem. With the remaking of King David Street, its five star hotels, and luxury apartment complexes, like Keter David and King David Residence, the action shifted eastward to Mamilla. Why not? It was even closer to the...
In Israel as with any real estate market space is a commodity that is limited. While there is plenty of land in the world, the places where everyone wants to live are mere specs on the map. So in an already overcrowded urban area how do you satisfy the growing demand? Simple, Build UP!...
The Reading electric station is one of the iconic buildings in Israel. Many a young man has proposed at sunset against the backdrop of a colorful sky reflecting off the waters of the Mediterranean Sea, just north of the pedestrian Tel Aviv Port. Always searching for new profits to fill its coffers, the Israeli...
As Israel is not as service oriented or as developed in some ways as the US market, up until 10-15 years ago there were few Israel mortgage brokers out there. Israelis tend to not want to pay for extra layers, and for the most part dealt with the banks by themselves. Naturally it was...
A new exclusive project is almost complete In Ramat Givat Zeev. Ramat Givat Zeev has to date attracted a sizable group of US buyers. Givat Zeev is located just fifteen minutes from the center of Jerusalem and five minutes from the Ramot mall. Its proximity to Jerusalem and scenic surroundings in the serene hills...
Speaking to brokers about various aspects of the Israeli real estate industry you get many different opinions. The one message that has come across loud and clear, across the board, is that the market is not waiting for American or other foreign buyers. Brokers prefer to work with Israeli buyers rather than to chase...
In a country like Israel, the tourism industry moves forward by baby steps. A new hotel, a new attraction, mall, restaurant etc. It is not very often that something really big happens that changes the playing field. Well, a major attraction is about to shake things up. Welcome to Design City, Israel’s most ambitious...
Romema has been one of Jerusalem’s busiest neighborhoods over the past two decades, transforming itself from an ugly industrial eyesore to a thriving neighborhood filled with newly built apartment projects. It is pretty safe to say that Romema has become the Chareidi capital of Yerushalayim. With its shops, malls and mega supermarkets it has...
Housing Prices Out of Control As we speak, apartment prices in Israel are spiraling out of control. Even in a city like Beit Shemesh, where people went to buy bigger, nicer, more affordable housing to avoid the sky high prices of Jerusalem, has risen to the point that while still cheaper than Jerusalem, you...
With prices shooting through the roof in the center of Jerusalem, American families who had smaller apartments in the center of the city, from places like Ramat Eshkol, who were looking for larger accommodations for their families were quietly selling and moving to Ramot. Ramot is similar to Ramat Eshkol in many ways, and...