New builds in Rishon Letsiyon for Sale

City on the map

Rishon LeZion is a resort town in Israel in the Mediterranean coastal strip, 7 km to the south is Tel Aviv.

Why is it profitable to buy apartments from developers in Rishon LeZion?

Rishon LeZion is one of the fastest growing cities in Israel and the third largest after Jerusalem and Bnei Brak, with more than 60% of residents under 40. By 2030, the city is expected to have a population of approximately 270,000.

From the end of the 20th century, large buildings of firms and residential complexes, a large number of cultural and shopping centers began to be built in the western part. The city has several industrial zones. Main industries: winemaking, construction, services, trade. Business is supported by the Center for the Development of Private Initiatives.

The moderately warm climate creates comfortable conditions for life and relaxation. The Mediterranean Sea provides mild summers and mild winters. In summer, the temperature can reach +30°C. The coldest months are January and February - the thermometer can show around +15°C. Local beaches with tall palm trees, a half-kilometer promenade, lanterns, benches, restaurants create a good mood.

The demand for apartments in Rishon LeZion from the developers is growing, after a pause, investors return. Along with the increase in demand, prices for real estate in Rishon LeZion in new builds go up further. Although it should be said, they are still more moderate than in Tel Aviv, even given the resort status of Rishon LeZion.

New builds for sale in Rishon LeZion from the developers have the necessary infrastructure in the immediate vicinity. Residential complexes in Rishon LeZion are being built according to the building standards of Israel (modern communications, well-thought-out layout of apartments). Developers have extensive experience and positive feedback on quality. The sale of apartments from developers can be carried out on installment plan basis. Investments in new homes in Rishon LeZion generate income (rent, resale).

According to the real estate search engine GEOLN.COM, the minimum price per square meter of a turnkey apartment is 3,500 USD.

Features of the purchase of apartments by foreigners

In accordance with the Law of Return, foreigners that have the right to repatriate are able to purchase apartments in the new homes for sale. Foreigners are allowed to freely purchase housing on private land.

What to see in the city and its surroundings

• historical Museum;
• a soldier's memorial;
• the big synagogue;
• a memorial to the victims of the Holocaust - "Open doors".

A wine festival is held annually, the Live Park Amphitheater welcomes foreign performers, there is a municipal zoo, and an amusement park.

The local symphony orchestra regularly gives concerts, takes part in music festivals around the world and it was awarded the ACUM Prize (1991).

Buying an apartment in one of the new developments in Rishon LeZion is a purchase for living in a resort area, an investment with a reasonable expectation of high demand and rising prices in this region, as well as a real prospect for the development of the city.