Despite Housing Crisis and Economy: Israeli Construction Standards Break Records

The standards are led by the Nofei Israel company in the Ramat Givat Zeev project which combines highly invested development and excellent schools

The housing crisis in Israel and the economy do not seem to be having an effect on the building standards in the country: standards appear to be breaking records even compared to other countries. The prices of housing in Israel continue to spike, and it is ranked in the top five countries in the world on a scale of price per meter. The demand for apartments in Israel spans Jewish communities all over the world, in part because of rising anti-Semitism, which has galvanized thousands who can afford it to realize their dream of purchasing a home in Israel and making aliyah.

The high demands are affected not only by the wave of foreign investors, but also because of the high birth rate in Israel, which creates a tremendous shortage of apartments and a constant rise in prices. Add to that the current standstill of new housing starts, and you have a situation where prices are skyrocketing.
And despite all the difficulties involved in purchasing an apartment in Israel, and despite the high price per meter, people from abroad as well as those seeking to improve their housing situation in Israel insist on the highest standards of quality for their apartments. The company that leads the pack in these standards is Nofei Israel, which has turned the Ramat Givat Zeev neighborhood into the Caesaria of Jerusalem as regards the luxurious standards of the apartments and homes and the surrounding development.

Ramat Givat Zeev has set new standards for the term quality of life. Aside for the massive development investment, which includes wide roads, green parks, elegant fountains, tennis courts, a country club and more, the developers have set a new trend for schools in the neighborhood, and plan to have all the schools housed in spacious, fully constructed buildings, and directed by veteran chinuch personality Rabbi Eli Paley.

The combination between the excellent education and the quality of life, at the highest level of development investment seen in Israel, has generated an exceptionally high demand. Even before construction has begun, 65 percent of the project has been sold, an unprecedented rate of sales for a new neighborhood. Real estate experts predict that once the neighborhood is populated, the prices will rise even higher, because there is no such neighborhood, and many buyers will be ready to pay any price to be able to live there. It is expected to exceed even the luxury neighborhoods in Jerusalem in quality and living standards.

Ramat Givat Zeev is the flagship project of Nofei Israel, which leads in the real estate field with a solid record of creating housing solutions for the Orthodox communities in Israel. The neighborhood offers varied housing options, including some 150 private homes, with individualized floor plans, and two family cottages, as well as 250 large apartments. It should be noted that most of the private lots have been sold, and marketing of the apartments is in full swing.

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