Towers in the air?

This is what the State of Israel will look like in a decade

Will we really live on the 40th floor of the tower?

Who will be able to stay in the center?

And what will happen to the detached houses?

Moments after the State of Israel turned 74, we tried to find out what would happen on her 84th birthday

Walla!

Real Estate

08/05/2022

Sunday, 08 May 2022, 08:52

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Israel celebrated 74 last week, and from year to year it looks different.

From an immigrant country that has gathered from all over the world, the melting pot has created a nation of high-tech, technology and also a population that never stops multiplying.

This combination creates not only challenges, but also solutions in the real estate field. So where will we be in a decade from today?

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Uri Halevi (Photo: Yossi Tzabker)

"It seems that the State of Israel is taking huge steps in everything related to population growth," explains architect Uri Halevi of Orbach Halevi Architects. What we are working on today - from the north to the south, from the Galilee and Tiberias to Petah Tikva, Rehovot, Ramla, and Ashkelon - are projects of urban renewal in the hundreds of thousands of housing units. Workplaces.

"This is a process that is already beginning, and in a decade will be well assimilated - a combination of towers and textured construction along the streets, a continuous block of 5-6 storey buildings that form the Israeli street and the towers are built above them with a retreat inside. But with the high-rise construction will not harm the quality of life of the family but on the contrary, there will be the same green areas and there will be more places of leisure and commerce and offices within a 5 minute walk. We are in the neighborhood many more interesting places to live our lives. "A change in the mass transit systems that are currently only found in the large blocs (Gush Dan Jerusalem, etc.) will thus allow us in a decade to use more public transportation that will be more accessible and accessible and less in a private vehicle (which will already be electric and even semi-autonomous)."

Bnei Peri (Photo: Yachz)

"In Givatayim, the demand is very hard. It is likely that no matter what they build in the city, it will be hijacked," notes architect Benny Perry from V5 Architects, explaining the consequences: "Traffic to the city will not stop in the coming years, so demand will be very high." In Givatayim, the apartments are very well designed, no one will buy an apartment at the price that will be required if it does not look accordingly. "

So what will happen in Givatayim?

"There will be a lot of built-up evacuation projects and wherever a new one replaces the old one, the quality of life and standard of living will go up. People at a low socio-economic level will probably leave Givatayim because they will not be able to meet the standard of living." In a decade, the apartments in Givatayim will continue to be relatively small as they are today, due to the density and the high price. For example, if the size of a 5-room apartment in Holon is 125 square meters on average, in Givatayim a five-room apartment will be 110 square meters. "It is 75 square meters and in Givatayim they will be 70 square meters on average. The apartments will continue to be smaller in the next decade, but they will be compactly furnished, with more expensive materials and solutions."

Perry says that already in the current plan you can see the construction of towers in Givatayim: "Along Ben Gurion Street there will be 40 floors and up, in the industrial area there will be between 6-8 towers that will reach 40 floors with a mix of uses, and in the Histadrut complex there are already towers. The decade of construction will continue to be high, but the wisdom is to direct the construction to the outskirts of the city so that they do not interfere with the landscape. "

Ron Landsman (Photo: Nimrod Cohen)

Ron Landsman, CEO and owner of Remax's supreme concludes: "In a decade, we will see a lot of homes in urban renewal and a continuing rise in housing prices as well as rents.

These days in Petah Tikva, the height of the projects being built through TMA 38 is actually limited, so that instead of the 10 floors that were possible until today, there is a limit to buildings up to 7 floors. In the city center we will see lower buildings And the standard will be a building with a gym, pools, sauna and lounges designed for the use of the tenants.

And it is impossible without the technological futurism and "disease" that exists in the real estate world today - a great demand and a small supply: "All the houses will be smart houses, which we can control with the help of the cellphone attached.

The prices of private homes will rise significantly, they will be a rare product and one that is very difficult to find.

We already feel today that there is no supply of land.

In addition, most of the old private houses are in plots on which buildings can be built and this will probably be their next use. "

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