“Modi’in in recent years has managed to brand itself as one of the modern cities in Israel that offers a community lifestyle alongside a high level of education and well-maintained infrastructure that is among the best in the country,” Brizel says. “As such, there are only a few projects being built in the city today. This is what has enabled the city to keep its demand level high in the upscale Buchman neighborhood and in other areas. In my view, the prices in the city won’t drop, but they will stay at the same level, or even go up. Ashdar, which is a holding of the Ashtrum Group, certainly sees the city of Modi’in as a place in which to invest, and it will continue to monitor ILA tenders for more land purchases in the city.”
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 email@example.com.
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