Prices Easing and Broad Construction in Ramat Aviv Gimel

The north Tel Aviv market is showing a mixed picture: prices moving down on one side, and a large volume of new construction on the other. Our site currently lists 83 properties for sale, most of them added in the past week.

Apartment prices in Ramat Aviv Gimel are trending down

Published data points to a decline of roughly 10% in apartment prices in the Ramat Aviv Gimel neighborhood, a shift that bears on buying and selling decisions across the area and is of particular interest to anyone weighing an entry into the market now.

Courtesy of Bizportal

250 new housing units in Ramat Aviv Gimel

Kardan Real Estate won a residents’ tender and will build 250 housing units in the Ramat Aviv Gimel neighborhood, in a project next to the Schuster Center. This is a significant addition to supply that will shape the neighborhood over the coming years.

Courtesy of Merkaz HaNadlan

A new urban renewal project in Bavli

A building permit has been granted for an urban renewal project in the Bavli neighborhood, adjoining Yarkon Park. Three buildings holding 22 apartments will be demolished and replaced by two buildings of seven floors with 50 apartments. Evacuation is expected in about a year.

Courtesy of Merkaz HaNadlan

Extensive demolitions ahead of new construction in Ramat HaSharon

As part of urban renewal schemes, 108 older apartments were demolished in Ramat HaSharon in recent days, alongside 56 apartments in Netanya. Together the projects are expected to yield about 400 new apartments, marking an acceleration in the pace of renewal across the area.

Courtesy of ynet

Bavli deals reflect the gap between older and new

In the Bavli neighborhood 99 apartments were sold over the past year. The price of older apartments fell to about NIS 52,500 per sqm, while new apartments close at around NIS 59,000 per sqm, a gap that illustrates the demand for new properties.

Courtesy of Bizportal