Urban Renewal Picks Up Pace in North Tel Aviv and Ramat HaSharon

The north Tel Aviv market and real estate in Ramat HaSharon keep moving around large urban renewal projects, alongside transaction data that draws a precise picture of apartment prices in Tel Aviv. Our site currently lists 83 properties for sale, most of them added in recent days.

250 new housing units in Ramat Aviv Gimel

Kardan Real Estate won a residents’ tender and will build 250 new housing units in Ramat Aviv Gimel, close to the Schuster Center. The project is expected to change the face of the neighborhood and to strengthen its standing as a sought after area for apartments for sale in north Tel Aviv.

Courtesy of Merkaz HaNadlan

Bavli: a price gap between older and new

In the Bavli neighborhood 99 apartments were sold over the past year. Older apartments closed at around NIS 52,500 per sqm, while new apartments sell at around NIS 59,000 per sqm, a gap that illustrates the growing demand for new projects in the area.

Courtesy of Bizportal

Ramat Aviv HaYeruka: a steady average price

Among apartment prices in Tel Aviv, Ramat Aviv HaYeruka stands out, with an average of NIS 59,800 per sqm. Every recent deal in the area closed in a new project, a pattern that continues to define the neighborhood.

Courtesy of Bizportal

Extensive demolitions in Ramat HaSharon

In Ramat HaSharon 108 older apartments were demolished recently as part of urban renewal schemes, within projects that will together yield about 400 new apartments between Ramat HaSharon and Netanya. The pace points to continued heavy activity even over the holiday period.

Courtesy of ynet

220 new apartments in Kiryat Ye’arim

Azorim has begun demolishing four walkup blocks on Yitzhak Elhanan Street in the Kiryat Ye’arim neighborhood of Ramat HaSharon. In their place will rise five buildings with 220 housing units under TAMA 38/2, with entry prices starting at NIS 3.7 million.

Courtesy of Merkaz HaNadlan