web analytics
July 25, 2014 / 27 Tammuz, 5774
Israel at War: Operation Protective Edge
 
 
At a Glance
Sections
Sponsored Post
IDC Advocacy Room IDC Fights War on Another Front

Student Union opens ‘hasbara’ room in effort to fill public diplomacy vacuum.



By the Sea, By the Sea…

Are you looking for an apartment facing the beach for a sane price? 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. Spotlight on real estate investments on Israel’s coast. First in a series of articles.
On the beach

Photo Credit: Serge Attal/Flash90

In recent years prices of apartments on the sea front have increased substantially, and real estate companies that build mainly in Tel Aviv do not hesitate to offer exorbitant prices.

But if we consider that the coastline of Israel stretches for about 190km, of which only 50km is bathing beaches (while the rest consists of nature reserves, or closed areas for ports and infrastructures) – then it’s easy to understand why the coast has become the most in-demand scene of struggles.

However, it is still possible to find some property pearls.  The further you go from the Tel Aviv coast, the more likely you are to find new projects at friendly prices that could even be suitable for investors seeking an opportunity, new immigrants and young couples, looking for cheaper alternatives.

The town of Hadera, located in the northern Sharon region, only 15km from Netanya and about 50km from Tel-Aviv,  is one of them.  Hadera benefits from 7km of beautiful Mediterranean coast and in recent years it has developed by exploiting its main resource – the sea.

Hadera Municipality has big plans to develop the Ein Hayam district on the sea front, aiming to make it the town’s flagship development, and a magnet for new immigrants and a high quality population.  The area is close to a splendid nature reserve, and a transport revolution is planned for the coming years.  As part of the process of making this a unique residential neighborhood, a series of roads is planned to link up with Road 2, Road 9 to connect the area to Roads 4 and 6, the towns of the Sharon and the center of the country.   The traffic routes within the neighborhood, as well as the nature and distribution of public areas, will ensure a smooth flow of traffic, as well as creating friendly and convenient access to the beach, schools, sports facilities and parks.  There are currently some 500 families in the area, while construction of a further 1500 apartments is planned by 2020.

“The future construction of 1500 apartments means a low outlay today to purchase an apartment, with a guaranteed increase in its value by dozens of percent in the coming years”, explains the CEO of the Promiseland Company, Einat Zakaria, who specializes in marketing projects to Jews abroad.  “Ein Hayam is planned to be ‘the area with everything’, including careful design of buildings to integrate perfectly with their surroundings, and a central park for the enjoyment of the residents and their children.”

The Acqua project currently being marketed by Promiseland offers sea view and coastal apartments for 15,000 shekels per square meter.  This is much lower than the price for similar apartments south of Hadera.  For example, in the Ir Yamim and Net/600 projects in Netanya, sea view apartments are being sold at about 25,000 shekels per square meter.  In projects being marketed in Herzliya, sea view apartments are offered at 35-60,000 shekels per m2, and in Tel Aviv the price of such apartments is almost limitless, from 50,000 shekels per m2 upwards.

“But in spite of the attractive prices of apartments here, they still offer the same quality and benefits:  pleasant sea breezes, the feeling of freedom and lower air pollution”, explains Zakaria.  “There is no reason why the prices of apartments in this specific project and neighborhood will not catch up with others in the area.  Just last year price rises of about 20% were recorded.  4-room apartments that were sold last year for about 1.2 million shekels are no going for 1.5 million shekels.  Since 2010 the neighborhood has recorded price rises of 50%.  There was a similar trend in Ir Yamim in Netanya.  Apartments that were sold for about 1.4 million shekels in 2007 are now going for 2.2 million shekels.  It’s just a matter of time until Ein Hayam catches up with the prices in other nearby places.”

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.

Please use the Facebook Tab below to leave your comment:

1 Comment (Click to Comment)

One Response to “By the Sea, By the Sea…”

  1. El rubio de galilea pasando va, dejalo gue te togue resibe LA vendicion…

SocialTwist Tell-a-Friend

Loading Facebook Comments ...
Loading Disqus Comments ...
Current Top Story
John Kerry
Entire Israeli Cabinet Rejects Kerry’s Proposed Ceasefire, Talks Continue
Latest Sections Stories
Respler-072514

The real solution to bullying is to empower the bullied child.

Schonfeld-logo1

Time outs increases compliance and positive behavior far more than other forms of discipline

Schild-Edwin

Interestingly, sometimes people who have a very high self-awareness may experience intense reactions to circumstances that others might respond to more mildly.

“You Touro graduates are automatically soldiers in [Israel’s] struggle, and we count on you,” Rothstein told the graduates.

The lemonana was something else. Never had we seen a green drink look so enticing.

On his marriage, he wrote: “This is what I believe: something of the core, of the essence of this meaningful and life-affirming Judaism will not be absent from our home” (1882).

With the recent kidnapping by the Hamas and the barbaric murder of three children – Gilad Shaar, Eyal Yifrach and Naftali Frankel, we believe that the best answer to honor the memory of those murdered is to continue building those very communities – large and small – that our enemies are trying to destroy.

Written entirely through Frayda’s eyes, the reader is drawn by her unassuming personality.

Adopting an ancient exegetical approach that is based on midrashic readings of the text, thematic connections that span between various books of the Bible are revealed.

While Lipman comes from an ultra-Orthodox background and is an Orthodox rabbi, he offers a breath of fresh air when he suggests that “polarization caused by extremism and isolationism in the religious community may be the greatest internal threat to the future of the Jewish people”

The Joys of Yiddish, Leo Rosten defines a mentch as “someone to admire and emulate, someone of noble character.”

Certainly today’s communication via e-mail, Facebook, Twitter and the like, including the ubiquitous Whatsapp, has reduced the need to talk with people and communicate at length.

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.

    Latest Poll

    Do you think the FAA ban on US flights to Israel is political?






    View Results

    Loading ... Loading ...

Printed from: http://www.jewishpress.com/sections/real-estate/israel-real-estate-guide/by-the-sea-by-the-sea/2014/07/07/

Scan this QR code to visit this page online: