Market Demand For Apartments in Tel Aviv
By Allon Dahan
Demand for apartments in Tel Aviv is on the rise. Luxury Apartments in Tel Aviv are the latest trend in the market. Projects marketed for the top percentile and rich Jewish clients all over the world who make frequent visits to Israel. It is worthwhile for the Jewish clients from abroad to acquire luxury apartments due to the rate of the Euro and Dollar compared with the Shekel.
Luxury apartments come with the following perks:
-Security guard at entrance 24/7
-Pool, Jacuzzi, Sauna
-Pool, Jacuzzi, Sauna
Luxury apartments are built in strategic locations, with accessibility to cultural centers and great views. Many are located in preserved buildings with interior and exterior renovation. The price is very high and includes monthly maintenance fees reaching thousands of dollars per year therefore these apartments are purchased by those who are able to afford them.
Architects working on the exterior and interior decorators gain much from working in these apartments. The interior decorator not only takes care of standard internal design but also may be responsible for purchase of decor and artifacts for the resident. Architects and designers are requested to make comfort and pampering an important aspect; in ordinary apartments they concentrate on advantageous exploitation of space in the apartment and on creating as many rooms as possible in the given area, rooms much smaller than in luxurious ones.
A trend in the Tel Aviv Luxury Apartment market is for older couples to purchase apartmen
ts in high-rise buildings after their children leave home; they sell their private houses with gardens and swimming pools and prefer a smaller, well-invested and pampering luxury apartment. They prefer to be close to Habima or the Opera House.
Some projects include a gimmick - wine cellars, for residents to store their wine stock in individual compartments. Swimming pools and keep-fit rooms are old hat but this is a splendid innovative idea. Neveh Tzedek is an example of an area having an abundance of luxury apartments. Most of the apartments are in preserved buildings, some are entirely new. Although Neveh Tzedek is in the center of Tel Aviv, it is an island of peace and quiet with the sea front just a few minutes walk away. It has become very popular - with a pastoral and colorful atmosphere, drawing many people and visitors and good restaurants.
Sale of luxury apartments in Tel Aviv is popular amongst real estate agents due to high returns in the deals. The agency do great work for you and will guard your interests when you are considering purchase of a new apartment. Some projects are only available via estate agencies if the contractor chooses not to deal with sales processes. If you are searching for a Luxury Apartment in Tel Aviv you should go to a real estate agent who deals with luxury apartments and will display existing plans or potential building. They can tell you if luxury apartments in Tel Aviv will double in price value or which luxury apartments will sell well. Then you will know where to invest your money.