Illustration: Construction in Tel Aviv/Reuven Castro
The city of Tel Aviv leads the list of the leading cities in Israel in terms of the number of construction starts recorded in the first three quarters of 2023. This is according to an analysis of the recently published CBS data. 4,342 new apartments began to be built non-stop in the city during this period, a figure that indicates an estimated annual rate of approx. 5,800 housing units. This, compared to 4,519 apartments that began to be built there in the whole of 2022.
Also according to the CBS, on a national level, from January to the end of September 2023, about 46,700 new apartments began to be built (an estimated annual rate of about 62.3 thousand), a decrease compared to approximately 67.7 thousand construction starts in the entire year of 2022. Apart from Tel Aviv which leads the list as mentioned above, the leading cities are Jerusalem, Bat Yam, Yosh, Rishon Lezion, Ashkelon, Lod, Ashdod, Ra'anana and Netanya
. Because in Tel Aviv, 1,419 apartments with 4 rooms, 1,357 apartments with 3 rooms, 807 apartments with 5 rooms, 678 apartments with 1-2 rooms and 81 apartments with 6 rooms and more began to be built.
The philharmonic project of the Yossi Abrahami company in North Tel Aviv/Bar Orian Architects
According to Yaffe Sadan, the vice president of marketing and sales at the Yossi Abrahami Group, which is building several projects in Tel Aviv, "Construction volumes in Tel Aviv are rising contrary to the national trend, and it shows consistent growth from quarter to quarter.
The city is the most sought after in the country for residential and investment purposes, and offers apartments in a diverse mix for everyone - young families or couples downsizing, investors as well as non-residents and immigrants.
The Yossi Abrahami Group currently promotes and builds a number of projects in the city of Tel Aviv and will continue to build there in the future as well."
The Yossi Abrahami Group has projects in various locations in Tel Aviv-Jaffa, including entrepreneurship and urban renewal. In the Noga complex in Jaffa, the company is building the luxury project "Noga 1" in which 64 units "D in a prestigious 10-story building - the last 12 apartments left for sale in the project;
In the Neve Eliezer neighborhood in East Tel Aviv, the group will build the TOMORROW project - a construction evacuation project on Teko Street that will include 310 units in a diverse mix; in the Yafta complex in Jaffa, the company will build a construction evacuation project that will include 273 housing units; in the Neve Ofer neighborhood in the south of the city, the group built the VIEW project, which includes 100 Apartment - when the last garden apartment is left for sale.
More on the same topic:
real estate
Tel Aviv Jaffa