Cross Israel Highway brings construction boom to Gedera
Gedera's proximity to Road 6 is drawing many buyers seeking to live and work in the center of the country.
Most homes in Gedera are private houses, but there are also low-rise apartment buildings of up to four floors. Rising demand has not only sent prices soaring, but has also used up most of the town's housing inventory.
In old Gedera, land is very expensive, and most transactions are for the land, not the old buildings occupying it. The town's new neighborhoods, such as Shikun Tzameret, most comprise private houses. Most of the residents are young couples who replaced their dream of a small apartment near their place of work with a large house in the suburbs by the expressway.
Published by Globes [online], Israel business news - www.globes-online.com - on December 6, 2010
© Copyright of Globes Publisher Itonut (1983) Ltd. 2010
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