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For her, flying heroes: the Holon neighborhood that the developers are staring at - Walla! Real Estate

2021-08-26T08:37:19.559Z


It is now considered a distressed neighborhood, mainly because of its old and dilapidated infrastructure, and its prices are hundreds of thousands of shekels lower than nearby neighborhoods in the city. But is this exactly what makes Tel Giborim attractive? Walla! Real estate with a neighborhood per week


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For her, flying heroes: the Holon neighborhood that developers are staring at

It is now considered a distressed neighborhood, mainly because of its old and dilapidated infrastructure, and its prices are hundreds of thousands of shekels lower than nearby neighborhoods in the city.

But is this exactly what makes Tel Giborim attractive?

Walla!

Real estate with a neighborhood per week

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  • Holon

  • Real Estate

David Wertheim

Thursday, 26 August 2021, 11:23

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(Photo: Image Processing, Shiral Mapping Center)

In the perimeter of the neighborhood you can find mainly low-rise housing buildings and terraced cottages, while in the center and north there are apartment buildings of up to 15 floors

Your neighborhood froze in time and has not yet caught up with the insane price increases across the country?

Relatives of relatives have purchased a property and you are wondering if and when it will reach its potential?

New section in Walla!

Real Estate Map and examines the neighborhoods and regions in Israel who were said for years that they are capable of more. Caveat is registered in the Land Registry: The section is not intended to be a substitute for investment advice.



Another section titled "Neighborhood Hope":



city with a future: Is it bonanza next Haifa?


My heart east : The Tel Aviv neighborhood that everyone is waiting for to take off



and this time: the Tel Giborim neighborhood in Holon.



The Tel Giborim neighborhood was established in the 1950s on the lands of the Palestinian village of Tel a-Rish, and was named after the fighters of the Givati ​​Brigade who fell in its occupation.

The neighborhood is located in northwestern Holon, and is bounded by Ayalon lanes to the west, Wolfson Hospital to the north, the Pillbox Park and the Green and Am neighborhood to the east, and the Neot Rachel neighborhood to the south.

Within the perimeter of the neighborhood you can find mainly low-rise housing buildings and terraced cottages, while in the center and north there are apartment buildings of up to about 15 floors.

The neighborhood is of great interest to entrepreneurs - but its prices are still relatively low compared to Gush Dan.

More on Walla!

My heart in the east: the Tel Aviv neighborhood that everyone is waiting for to take off

To the full article

On the topic: investment and the series of neglected public space.

Tel Giborim (Photo: official website, screenshot)

What to build

According to a survey conducted for us at madlan, construction in the neighborhood is still relatively small, and includes several apartment buildings along Etzel Street in the north of the neighborhood, along Pilots Street in the south, and a few individual buildings in the center. However, there are approved plans for about 350 new apartments The majority in NAP 38, and the rest in regular new construction, and at the beginning of the year, the district committee approved a policy document for the resumption of construction in the neighborhood.



The plan defines complexes for evacuation of construction and complexes for renewal within the framework of TMA 38 (or any plan that replaces it) and adds up to 4,000 new apartments to the neighborhood, in parallel with the allocation of space for public buildings and new parks.

Prices and trends: lower than the average by NIS 200,000

According to madlan, in the last five years the prices in the neighborhood have been relatively favorable and lower than the municipal average by about NIS 200,000, but in the last two years there has been a narrowing of the gap.

The most significant price increase was for new dwellings, while the prices of second-hand dwellings rose at a rate similar to the municipal average (but remained lower than it).

In terms of the volume of second-hand transactions, the neighborhood lags behind other old neighborhoods in the city, such as Kiryat Sharet and Kiryat HaAvodah.

Creates a disconnect and requires a bypass.

Wolfson Hospital (Photo: Creative Commons)

Mines: Noise and air quality nuisances

Tel Giborim is now considered a distressed neighborhood, mainly because of its old and dilapidated infrastructure.

The proximity of Ayalon lanes to many buildings in the west of the neighborhood creates noise and air quality nuisances, and also constitutes a physical blockage that creates a disconnect from the built-up area of ​​Bat Yam to the west.



Wolfson Hospital north of the neighborhood creates a disconnect between the neighborhood and a train station and bus terminal, and requires a detour that adds about a 10-minute walk to these centers.

In the long term, two lines are planned to cross the neighborhood.

The Metro (Photo: Official Website, NATA)

So should you buy an apartment in the neighborhood now?

Tal Kopel, CEO of Madlan: "After many years of neglect, the actual approval of the construction policy for the neighborhood can allow it to start realizing the potential of the central location."

Following approval of the new policy renewal construction in the neighborhood, in the coming years are expected to set out some projects of gentrification and plan 38 environment. These projects will enable the renewal and expansion of housing in the neighborhood, as well as investment and regulation of public space neglected.



In addition, in the longer term are planned for the neighborhoods Two (!) Metro lines, which will easily and conveniently connect it to a variety of destinations in the Tel Aviv metropolitan area.



Because of these improvement factors, combined with the already high prices of new construction in the Tel Aviv district



, "To Madlan:" After many years of neglect and promises for the renewal of Tel Giborim, the actual approval of the construction policy for the neighborhood, which finally passed in early 2021, could allow it to begin realizing its central location potential, so close to Tel Aviv. "

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Source: walla

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