[COMMUNICATED CONTENT]
Unfortunately Luxury apartments in Jerusalem have been caught in a wild market, and it seems that developers have adopted the method ‘The more the merrier’. This comes from the assumption that since buyers are foreigners who wish to invest in the holy land or to make Aliyah they therefore are willing to pay good money in order to live in a luxury apartment in Jerusalem. The Result – prestigious projects in Jerusalem are only for those who can afford to pay higher prices.

As we all know – in the last couple of years, there has been a serious slowdown in the market. However, there is one place near Jerusalem that offers luxury apartments and villas at reduced prices – that place is the Ramat Givat Zeev neighborhood located northward of Jerusalem.
While the standard prices for an apartment in Jerusalem ranges from 25,000-35,000 NIS ($6,500-$9,000) per square meter, Ramat Givat Zeev offers now an attractive and affordable price of 11,000 NIS per square meter (about $ 3,000) plus the great advantage that it is a single-family home – which is considered a rarity in a city like Jerusalem. Today the project is under construction and designed only for foreign residents who wish to settle in Eretz Yisroel.
The neighborhood offers a large variety of residential options: About 150 units of private single-family homes, which includes a range of exclusive villas with individual architectural design, spacious duplex cottages and about 300 units of apartments and impeccable construction. For the first time in Israel, the buyers can design their homes based on their personal taste and get the maximum flexibility in planning and designing.
Ramat Givat Zeev is Nofei Israel’s flagship project, which acquired their reputation in a variety of residential, commercial and tourism projects. This is the first real – estate venture of its kind in Israel, establishing a neighborhood dedicated for Orthodox families who wish to settle in the country while taking care of all the details in order to ensure a smooth and convenient transition.

R’ Hanoch Kass, CEO of Nofei Israel emphasizes that the inexpensive price offered now, is due to the fact that the neighborhood is new and under construction. Expectation is that when the neighborhood will be occupied, the prices will be then the same as the regular prices offered in Jerusalem. Thus, is very worthwhile to take this one-time opportunity to purchase a luxury apartment in Jerusalem at an unprecedented price.

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