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Also in Arad: Record prices for plots Israel today

2022-04-14T13:47:24.895Z


Rami published the results of the tender for the "Nofim" neighborhood: 80 winners bid half a million to two million shekels per lot • The bid does not include development costs • Only 6 years ago, exactly 13 entrepreneurs approached the same tenders


This week, the Israel Land Authority published the results of the tender for the plots of land in the Nofim neighborhood in the east of the city of Arad.

The results of the tender indicate record prices for plots in the city: about 80 winners submitted bids of over half a million shekels, not including development costs, which vary depending on the size of the plot.

In the tender, 2,200 participants competed for 220 plots.

Among the winning bids:

• Two offers of over two million shekels.

• 20 offers of one million to 1.8 million shekels.   

• 150 offers of over NIS 400,000 per lot. 

 As stated, to the amount of these bids must be added development costs in the amount of hundreds of thousands of shekels, a cost determined for each plot in accordance with its size and the price of the land determined in the tender.   

It is worth noting that six years ago the same plots were marketed in the Nofim neighborhood, but the tender failed after only thirteen purchase offers were submitted.

Today, after receiving 2,200 takeover bids with the publication of bids, one can learn about the amazing change the city has undergone in recent years: from ultra-Orthodox-secular struggles, slump in real estate prices and abandonment of residents - to urban growth and economic stabilization, reflected in the incredible demand for housing N in the city.



Adv. Nissan Ben Hamo, Mayor of Arad:

"The city is in great swing in many areas including real estate, education and tourism. The results of the auction did not surprise us, Arad arouses great interest among young families and among real estate investors.

The formula is to invest in the quality of education, the company's resources and utilize the tourist assets of the city located at the mouth of the Judean Desert, one of the most beautiful in the country. "

The Nofim neighborhood includes 226 self-construction plots offered in sizes of 650 square meters up to 2.1 dunams. The area of ​​each plot has a permit for the establishment of tourist accommodation units. : Areas for public buildings (about 3300 square meters), areas for trade and employment (about 2000 square meters), landscape development that integrates with the environment and the needs of the residents and development of open public areas.

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Source: israelhayom

All news articles on 2022-04-14

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