Show me an example Israel Real Estate News: Demand for real estate is now brisk.

Saturday, February 23, 2008

Demand for real estate is now brisk.

The city started taking off some 12 years ago. That's when the Africa Israel Real Estate company started constructing a large residential complex called Kiryat Savyonim, which has 1,500 residential units and more than 6,000 residents. It had its own schools and shopping center, and was a city apart.

The new quarter was built to a very high standard and attracted many yuppies. The apartments were large and airy, relatively inexpensive and suddenly nearly a quarter of the population belonged to a different social strata. Kiryat Savyonim, which was very much within the municipal boundaries of Yehud, became fashionable.