There is one place in the world where real estate is not cyclical; Jerusalem. That is because there is only one Yerushalayim and nothing can replace it.

Yerushalayim is a multifaceted city with all kinds of neighborhoods. All kinds of Jews from all walks of life can find their place in Yerushalayim.

While prices vary by neighborhood, nowhere is it cheap. If you want the privilege of having an apartment in the Holy City you will need to pay more for the standard you are used to!