“The real estate industry, like the entire Israeli economy, will come out of this war stronger,” says Haim Feiglin, CEO of Zemach Hammerman, one of the prominent construction companies in Israeli real estate. According to him, “the end of the war will mean a more comfortable security reality that will lead to an unprecedented boom in construction across the country.” Feiglin also cites the substantial increase in aliyah interest among Jews abroad as evidence supporting his confidence in the future of the Israeli real estate sector.
Only a few new projects were started in 2023, so a low supply of apartments is being met with high demand. In addition, Israel is experiencing continuous natural population growth and high interest rates. This convergence of tailwinds are very likely to increase the price of Israeli real estate for the foreseeable future.
Feiglin is so optimistic about the near-to-mid term future of Israeli real estate that he even believes towns in the Gaza envelope that were overrun by Hamas terrorists during their brutal attack on October 7th are set for unprecedented construction when the war is over.
“We are entrepreneurs, and therefore we are endlessly optimistic by nature. We believe in Israel. Zemach Hammerman is currently marketing a number of projects that will have substantial investment potential if Feiglin’s optimistic vision comes to fruition.
For example, the North Park project on the border of Tel Aviv and Ramat Hasharon, a prestigious project that includes 14 luxury buildings that include pampering common areas for the use of tenants such as a gym, work rooms, a Pilates room and a swimming pool, the project is located in a sharp neighborhood located next to a huge 270 dunam park, prices starting from 4,900,000 NIS .
In the city of Lod in the Mitzpe Rina neighborhood, a new community neighborhood in the heart of the city. The company is building 360 housing units in eight, nine-story buildings, and a 22-story residential tower, alongside commercial spaces on the ground floors. The project will also include a private tenants’ club in each building, gardens and green lungs between the buildings, prices starting from 1,980,000 NIS.
In Tel Aviv, the “Weizman-Pinkas” project in the classic north of Tel Aviv, adjacent to HaMedina Square, together with the Rosio Group, a construction evacuation project that involves the evacuation of three buildings and the construction of three new and intimate luxury buildings with 8 floors and 73 new apartments. The project is in the final stages of construction, prices starting from 4,890,000 NIS.
In Jaffa the “ANDROMEDA REBORN” project is a new phase for the luxury project Andromeda by the sea in Jaffa, the project includes a swimming pool, a gym, a spa and a tenant’s room, all built to super-luxury standards. Designer duplex apartments, furnished with garden access, are available for immediate entry.
In Achziv Nahariya, the “Achziv” project, which includes 1,046 units on the “Achziv” nature reserve, a new neighborhood right on the seashore, which includes 28 buildings with varied services starting from 1,790,00 NIS .
In Ramat Gan, “THE LAKE” project in the national park in Ramat Gan, is a construction evacuation project in cooperation with the Srugo company 3 luxury residential towers of 16 storeys containing 180 units are being built with views to the park and the lake, prices starting from 4,530,000 NIS for 4 bedroom apartment.