Investors are flocking: land for investment in Rishon Lezion, Near the new metro station
Along with the massive growth of the city, the land reserves in Rishon Lezion are quickly running out. However, now a particularly lucrative investment deal is being offered, in a residential neighborhood that is expected to be built within the framework of TAMA 70 (a national outline plan for the area of the metro system in the Tel Aviv metropolis) promoted by the state. For a one-time investment, you can enjoy a profit potential of hundreds of percent.
Rishon Lezion, is the fourth largest city in Israel, and is in constant development and construction of new neighborhoods. The main reason for the city’s growth is that it is one of the most sought-after cities to live in throughout the country, a fact that leads to a constant increase in prices.
In the northeast of the city, adjacent to an existing neighborhood, land is being marketed these days at a particularly attractive price. which are a natural continuation of the expansion of the city towards the northeast. According to TAMA 70, a neighborhood with thousands of new housing units is expected to be built.
In May 2022, the government approved the M1 metro line, in order for it to connect and provide a response to significant centers in the metropolis when there is a real expectation of increasing building rights and establishing neighborhoods and buildings for saturated construction near the stations and metro lines. The M1 metro line partly passes in close proximity to the land marketed by the Climax company in Rishon Lezion, a fact which is expected to increase the profit potential in land investment by hundreds of percent.
It is also a one-time opportunity to purchase residential land next to a metro station. “All over the world, the value of residential real estate adjacent to a metro station is constantly increasing, and the demand for residential apartments near the metro is the highest there is. From an empirical point of view of the areas near the metro stations in London, Berlin, Paris, or Rome, you can see the increase in rights and learn about the potential increase in the value of real estate around the metro.”
The last land reserves in Rishon Lezion
Since this is one of the last land reserves in the city, any plan for the development of the city towards the northeast must include this land, so that it will not remain agricultural, but will allow for construction. In addition, the steadily increasing demand for additional apartments, along with the fact that there are almost no additional land reserves, is expected to shorten the schedule for approval and realization of the land for construction. After TAMA 70 is finally approved, the plan will be transferred for rapid approval in the The National Committee for the Planning and Construction of Preferred Housing Complexes.
In fact, precisely the fact that it is land that is not yet available for immediate construction and its thawing processes are in the initial stages, makes it a particularly attractive investment. This is because it is an ideal point in time, when the investment cost is still relatively low, and the profit potential is the greatest. Those who will purchase the land after the approvals, will already pay much more, and their profit will be reduced accordingly. Those who do not buy today, may in a few years regret that they missed the great real estate opportunity of the central region in the last decade.
TATAL 101 – The train is leaving. As the immortal Meir Ariel pointed out: “You did not rise above
TATAL 101 is a program designed to plan the new metro route in the central region. It also includes the location of the stations and TAMA70 environmental planning, including residential and commercial areas, while focusing on the construction of residential towers that include thousands of housing units near each metro station.
