Private homes are a rarity in Tel Aviv’s central neighborhoods and are primarily restricted to the historic homes found in the Lev Hair and Neve Tzedek neighborhoods. For this reason, this fantastic home in Tel Aviv’s Old North neighborhood designed by one of Israel’s most respected architects, Pitsou Kedem, has been attracting a lot of press both in Israel and abroad. Soaring six stories high and topped off by a rooftop pool, this 450 square meter (4,843 square foot) townhouse is a highly modern and minimalist structure, but as is increasingly popular in the city today, heavily influenced by Tel Aviv’s heritage Bauhaus buildings. Combining both open spaces and intimate private quarters, Kedem brilliantly realized the clients’ wish for a seamless “oasis in an urban setting”. Enjoy!
Despite Tel Aviv having been founded in 1909 and merging with neighboring Jaffa in 1948, the city has never formulated an urban masterplan, that is, until today. Last month saw Tel Aviv-Jaffa mayor Ron Huldai sign the TA-5000 plan, creating a unified vision for the city thru 2025.
Despite the Finance Minister Kahlon’s policies designed to slow the rate of appreciation in Israel’s real estate market, prices continued to rise according to the most recent government report. Tel Aviv prices are up 17% from 2015
Traditionally Israelis dreamt of owning a a private home, complete with backyard, a fence, and a pool. Looking at the recent construction data, however, points to a new phenomena, one that we’ve seen already for quite some in the Tel Aviv real estate market for some time.