web analytics
October 30, 2014 / 6 Heshvan, 5775
At a Glance
News & Views
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



Jerusalem of (Real Estate) Gold

The romantic skyline of Jerusalem is disappearing. The sights of the beautiful churches and minarets of the ancient mosques will soon be eclipsed by high-rise office and apartment buildings. Is Jerusalem on its way to becoming a modern city? Or is it losing its special character?

A reflected Jerusalem skyline in the city's center.

A reflected Jerusalem skyline in the city's center.
Photo Credit: Nati Shohat/FLASH90

“There’s no doubt that whoever invested in real estate in Jerusalem profited tremendously,” said Hasid, who is also a member of the National Council of Contractors. “It is true, the city has endured some tough times, but for the long term Jerusalem has become one of the more intriguing and profitable centers of investment when it comes to real estate.”

“In years past, they’d build apartments that rose to between four and six floors,” he said. “Now they have started to build high-rises. Building towers has increased dramatically, and it has left half the city with buildings that are five, six floors high. Ultimately, we are seeing that because of the planning of high-rises in the previous five years, 20,000 new apartment units have been approved.”

“It is true, one cannot say that the apartments built in the towers were geared toward the middle class, but even if the city built low-rise buildings of 10 floors in the city center, they will still be bought up by the wealthy.”

About the Author: Ranit Nachum-Halevi is a consultant to real estate companies, and former senior real estate correspondent for The Marker, Haaretz's daily financial supplement. She has been working in Israel's media for more than 15 years. You can reach her at ranit.nh@gmail.com.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Jerusalem of (Real Estate) Gold”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Mu'taz Hijazi
Non-Apartheid Alert: Suspected Shooter Worked in Begin Center
Latest News Stories

Arab rioters threw firecrackers at Border Police in the Old City in Jerusalem Thursday and lightly wounded at least one tourist. Police arrested one Arab youth. Earlier in the day, Arabs hurled rocks at a bus in eastern Jerusalem. No property damage or injuries were reported, and one Arab was arrested. In the Jabel Mukaber […]

Yehudah Glick on the Temple Mount.

The Islamic Jihad was thrilled with the shooting of Temple Mount activist Yehuda Glick and said “he got what he deserved, the Mann reported. Daoud Shihab, Islamic Jihad spokesperson, told Ma’an that attempted murder of Glick, who is in critical condition as of this moment, was a “natural response” to defend Jerusalem” and the Al-Aqsa […]

'Character of the Day: Ha'aretz.'

A cartoonist has turned the tables on an attack cartoon against the PM published by the leftist daily Ha’aretz.

Rabbi Yehuda Glick’s condition has taken a turn for the worse. He needs prayers. Yehuda Yehoshua ben Rivka Itta Breindel.

The father and brother of the Islamic Jihad terrorist who allegedly shot Temple Mount activist Yehudah Glick were arrested Thursday in Silwan.

The “silent” intifada is roaring at the gates, Harriet, and threatening to bash the door in. It’s silent no more. Who’s really inciting terrorism?

Female tourist injured when struck by rocks thrown by Arabs at the Kotel.

Jerusalem Arabs are rioting near the home of the killed terrorist in the neighborhood of Abu Tor.

China has acquired $7 billion in Israeli assets in the past three years.

Alleged shooter of Yehuda Glick worked in the Begin Center restaurant.

PM Netanyahu blames PA Chairman Mahmoud Abbas for terror attack aimed at killing Temple Mount activist Yehudah Glick.

Disability rights foundation calls on US to denounce using name of a disability as a derogatory term.

Iran claims to have foiled a sabotage attack on tanks used to transport nuclear “heavy water.”

Sweden’s new prime minister-elect has recognized the so-called ‘state of Palestine,’ albeit illegal, without borders.

The assassin shot Glick in the stomach, neck, chest and arm.

Temple Activist Yehudah Glick at Machon Hamikdash, The Temple Institute, in the Old City of Jerusalem. In the above photo, Yehudah Glick is examining a model of the Temple. If you haven’t visited the new Temple Institute Museum, you should, it’s highly recommended.

More Articles from Ranit Nachum-Halevi
On the beach

Israel’s coastline may be short, but there are still some real estate pearls waiting to be realized, offering cheap alternatives for sea front living. All you have to do is go further from the boundaries of Tel-Aviv and the Dan Block.

Meir Shitrit speaks with the press.

Nave and Golan are advisors helping Meir Sheetrit run for president. As professionals who lead campaigns and shape public opinion, they cite the press as a major factor in this campaign.

Israeli biomedical firms look back on a successful year on Wall Street. Are we bearing witness to “the new tech”?

The romantic skyline of Jerusalem is disappearing. Is Jerusalem on its way to becoming a modern city? Or is it losing its special character?

Government plans to market 12,000 new apartments in Modi’in, where prices haven’t stopped rising in recent years.

It’s a boom: some 100,000 housing units will replace military camps in the high-value center of Israel.

Printed from: http://www.jewishpress.com/news/breaking-news/jerusalem-of-real-estate-gold/2014/03/12/

Scan this QR code to visit this page online: