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BarEl Properties  >>  News & Articles  >>  Jerusalem Post: High Life in the Hills

Jerusalem Post: High Life in the Hills

  

כרם מהר"ל | וילה | למכירה

For Sale: Villa, $1,500,000

Kerem Maharal

8 Rooms, 280 Sqm, Land 753 Sqm, 2 Parking Spaces, Balcony 170 Sqm. Single family home...

Property #86026

זכרון יעקב | מושבה | דירה | למכירה

For Sale: Apartment, 1,575,000 ₪

Zichron Yaacov

4.5 Rooms, 99 Sqm, Parking. In the center of the Moshava! Just paces away from a school...

Property #2112699



This article appeared in The Jerusalem Post Before 2006
Zichron Yaacov
[from the archives]

By GALIT LIPKIS BECK

The secret is out. No longer do people come to Zichron Ya'acov just to visit the wine cellars or Beit Daniel, a country-like rest home for artists and authors. The high quality of life associated with the community has aroused the interest of people who want to call this picturesque town home.

Their enthusiasm prompted the municipality to push forward with development plans, which have resulted in a high rate of building growth over the last few years, mainly due to the construction of private houses.

The town is spread over 8,000 dunams (2,000 acres), most of which are privately owned. It is situated on the mountainside of Carmel, five minutes from Caesarea. Among its characteristics are tree-lined, winding roads and magnificent panoramic views of the Sharon Plain and the Mediterranean.

The town is one of the oldest Jewish settlements in the country. It was established in 1882 by Baron de Rothschild and dedicated to his father Jacob. The name Zichron Ya'acov means Jacob's Memorial.

Among the development plans is a program to construct 310 cottages and apartments as well as a 2,000-sq.m. commercial center, new roads and a school.

The community, which is still in the approval stage, will be situated on 156 dunams (40 acres) of private land in the southeast part of the town. The land is owned by about 85 different owners who, with the assistance of the local council, decided to act together to construct a new neighborhood.

While Zichron has increased in popularity, demand has not been high enough to prevent prices from falling. The national slump prevailing in the real-estate sector has also influenced property prices in Zichron, especially during the past six months.

For example, Zipha International, which is constructing and marketing the Villas Bahoresh neighborhood on the way to Givat Eden, in the north of Zichron, has reduced prices by about 20%. The company recently started selling houses in the framework of the second marketing phase. It is offering 186-sq.m. villas on plots of half a dunam for an average price of $318,000 each. Larger villas of 220 sq.m. on plots of 800 sq.m. are available for about $400,000.

One-and-a-half years ago, at the start of marketing, similar villas of between 156 sq.m. and 217 sq.m, on plots ranging in size from 500 sq.m. to 900 sq.m., were sold for $300,000-$500,000.

The Villas Bahoresh neighborhood is situated on 100 dunams (25 acres) of private land, purchased in 1993 from the Karni family. Zipha intends to invest a total of $40 million in the development, not including VAT.

Other neighborhoods in the development phase include the Tshuva-Wagner Group's construction of 400 holiday apartments. The apartments are designed to be 60 sq.m. each.


See Also: From Toronto to Zichron Yaacov | Charm and Intrigue in Zichron Yaacov | Zichron's Village Charm Attracts Anglos | BarEl Properties Group and Kehillot Tehilla


All Rights Reserved to The Jerusalem Post

זכרון יעקב | שמורה | מגרש חקלאי | למכירה

For Sale: Agricultural Land, 175,000 ₪

Zichron Yaacov

Land 500 Sqm. A Zichron Yaakov entre le quartier de la shemoura et le parc naturel, terrain agricole de 500m2 avec une vue mer imprenable , 35,000€ opportunite...

Property #54124

פרדס חנה כרכור | נווה גנים | קוטג' דו משפחתי | למכירה

For Sale: Two Family Cottage, 1,190,000 ₪

Pardes Hanna Karkur

135 Sqm, Land 200 Sqm, 2 Parking Spaces.

Property #56613

פרדס חנה כרכור | שכונה יוקרתית | וילה מטופחת

For Sale: Villa, 2,300,000 ₪

Pardes Hanna Karkur

256 Sqm, Land 568 Sqm, 2 Parking Spaces, Balcony 15 Sqm. In a prestigious and much desired neighborhood of Pardes Hana, a gorgeous single family home built in a split...

Property #1229152

זכרון יעקב | מושבה | דירה | למכירה

For Sale: rooftop apartment, 1,690,000 ₪

Zichron Yaacov

First floor, 130 Sqm, 2 Parking Spaces, Balcony 8 Sqm. In the heart of the pastoral Moshava of Zichron Yaacov, now for sale, a beautiful penthouse apartment with a...

Property #12014

Yoav Etiel, 06/10/2006
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