Israeli Real Estate

It seems the “rent control” movement, started by FaceBook group, and leaded by a group Tel Aviv area students, is the perfect sign to the status of the tel aviv apartment market.

The movement claims the city is becoming too expensive to live in, and promotes rent regulation and other laws to provide students, artists and young citizens the necessary conditions to be able to afford living in the city.

While the group seems to enjoy lots of support of Tel Avivians, most seem to agree with long-time mayor of the Tel Aviv metropolis, Ron huldai. Mr. huldai seems to believe in the power that young people, especially artists, musicians and students to create hyped and hip areas, which also raise real estate prices, and create the famous lively night-life areas of tel aviv, the ones that gave the city the title “a city that never stops”.

Its seems the cycle is repeating itself again and again. The vest example is the wonderful neighborhood of Florentin, which developed its night life thanks to many poor and young artists and creative people, who couldn’t afford in the rich and expensive north area of the city.

Once the area became so life-full, filled with studios, bars and music, lots of those creative people became financially affluent, drawing other rich and wealthy residents to the area. Realtors and property hunters who recognized the opportunity can now tell that the area is much more expensive.

The same story is true with even a more exciting story in Tel Aviv’s first neighborhood, and the closest to jaffo - “Neve Tzedek”. The wonderfully preserved houses and the authentic ambiance, as well as being close to Jaffo and the Seashore, made it popular, and you can already sea luxury apartment buildings surrounding it.

I won’t finish this post without a quick tip - it seems like young telavivians are moving slowly to the south-eastern areas of tel aviv. if the cycle continues, neighborhoods like “Ha’tikva” (”the hope”, freely translated… which is known as a poor area filled with crime) and “Yad Eliyahu” are expected to be the next areas to bring smart Real Estate investors the big bucks.

We all heard about real estate price dropping in northern Israel during the second Lebanon war, last summer. Areas like the Galil and Haifa were then hit by hundreds of missiles shot from over the northern Israeli border.

How do you cope with that kind of environment dealing with RealEstate? How can yuo keep selling apartments. In the wonderful city of Haifa, people prove to overcome these problems. This apartment in Haifa was designed with a special concept in mind. As from the gulf war all israeli houses and buildings are required to have a special emergency room built of armed concrete, which serves as a bomb shelter in case the alarm indicating of missiles goes off.

So this Apartment in the picture is built around that shelter cube, making it the center of the house accessible at all times. How does it feel to live with a constant reminder of war in the middle of your living room? It seems like the Israeli people are used to being bullied and threatened, and are used to dusting off the fear while looking at Haifa’s bay wonderful beaches.

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