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Haifa Mayor: Haifa real estate prices quintuple
Yona Yahav: We're redeveloping the entire lower city into a university campus.
26/07/2009
Yona Yahav: We're redeveloping the entire lower city into a university campus.
26/07/2009
Haifa Real Estate Market
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"Prices in Haifa are now sky-high. The lower city is attracting young, highly educated people. We're positioning the city as one of Israel's key university towns," says Haifa Mayor Yona Yahav, in an exclusive with "Globes".
Yona adds, "We're that now redeveloping the entire lower city into a university campus, prices have soared 500-600%. In a city with breathtaking vistas, green mountains, and spacious beaches, it is areas in the lower city near the sea where prices are lowest, a tenth of the price of a seafront apartment in central Israel. Although the Haifa real estate market is recovering, most people in central Israel only consider the city as a place to buy apartments for investment. Prices are a ridiculously low NIS 200,000-400,000 in the cheaper neighborhoods, and are definitely not purchased to meet the buyers' needs.
A plan has been approved for the construction of a museum and cultural center in the northern city of Haifa. The building will also include the Mane Katz Museum and a cultural center with a synagogue.
Yona adds, "We're that now redeveloping the entire lower city into a university campus, prices have soared 500-600%. In a city with breathtaking vistas, green mountains, and spacious beaches, it is areas in the lower city near the sea where prices are lowest, a tenth of the price of a seafront apartment in central Israel. Although the Haifa real estate market is recovering, most people in central Israel only consider the city as a place to buy apartments for investment. Prices are a ridiculously low NIS 200,000-400,000 in the cheaper neighborhoods, and are definitely not purchased to meet the buyers' needs.
A plan has been approved for the construction of a museum and cultural center in the northern city of Haifa. The building will also include the Mane Katz Museum and a cultural center with a synagogue.