Looking to live in a brand new apartment in one of Tel Aviv’s finest grade listed Bauhaus buildings? We are offering a wide variety of units in Balfour 40, Tel Aviv’s newest condo project, located just steps from Rothschild Boulevard in Downtown (Lev) Tel Aviv.
Come home today to this beautifully renovated 4 bedroom – 3 bathroom penthouse for rent in Central Tel Aviv. Situated in a restored grade listed Bauhaus building just a 3 minute walk from the sea, this unique home designed Orit Milbauer encompasses 200 sqm of interior space with an additional 50 sqm in terraces.
The Tel Aviv luxury property market has been heating up over the past few months, after seeing a short period of stagnation in deal volume and price increases. Tel Aviv’s great lack of top market property has been a growing issue for those looking to invest in Israel, and developers have begun to take heed, with new projects, both low-rise and high-rise beginning to hit the market.
It’s no new news story that real estate prices in Israel are continuing to rise, and yesterday the government confirmed the hype. Prices throughout the country have risen 5% from the corresponding period last year, and 0.9% from Q4 2012. The greatest increases were seen in Tel Aviv, where prices jumped 11% from last year, and 2% from Q4 2012.
Tel Aviv is world famous for it’s vast collection of Bauhaus buildings, concentrated in the UNESCO designated White City section of the city. Over the past 15 years Tel Aviv real estate developers have fought tooth and nail to buy up these properties and restore them to their original form, commanding top-end prices for them throughout the city.