Yona adds, "We're that now redeveloping the entire lower city into a university campus, prices have soared 500-600%. In a city with breathtaking vistas, green mountains, and spacious beaches, it is areas in the lower city near the sea where prices are lowest, a tenth of the price of a seafront apartment in central Israel. Although the Haifa real estate market is recovering, most people in central Israel only consider the city as a place to buy apartments for investment. Prices are a ridiculously low NIS 200,000-400,000 in the cheaper neighborhoods, and are definitely not purchased to meet the buyers' needs.
