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 its very popular mall is a huge plus. Ramot also has a wider range of homes than almost anywhere. There are apartments of all sizes as well as cottages and villas!
While the knee jerk reaction of those wanting more spacious and more modern homes without paying Yerushalayim prices has always been to head for Ramat Beit Shemesh, prices in RBS have gone been surging lately, leveling the playing field somewhat, and certainly taking the edge off of it.
Although RBS is on a building boom and entire new neighborhoods are currently being built, demand has far surpassed supply, driving prices of these once extremely affordable nice apartments through the roof in only four months!
So now the trickle of people going to Ramot has turned into a stream. On many of the nicer streets in Ramot you can find more than a few American families. With Ramot seeing high demand prices there are going up as well.
We are currently in a buying frenzy and a spiraling cycle of prices across the board. In Israel prices don’t go down, only up. If you are thinking about buying in Israel now is the time as “metzia’s” are very quickly scooped up by a ravenous crowd but within Israel and from abroad. And today the smart money is going to Ramot.
