There are currently 8,000 residential properties in Israel worth over $900,000.
Prices for luxury apartments in Tel Aviv continue to rise. The Hershy Friedman group, which owns the Nahardea-Beeri residential project, reports that it sold 13 apartments in the project during the fourth quarter of 2006 for an aggregate NIS 117 million. The NIS 675 million Nahardea-Beeri project has 125 apartments.
