What Makes Real Estate in Jerusalem a Good Business Investment?

Copyright (c) 2012 Nir Hodara

Real estate is considered an area of expertise in which an understanding of an area's history and potential future are required. When it comes to the city of Jerusalem, the understanding necessary goes far beyond that of the regular real estate market.

Real estate in Jerusalem is a good investment (jerusalem properties) and that has been proven time and again in recent years with a steady annual increase. That being said, one must understand why real estate in Jerusalem is such a good investment, what specific areas are worthwhile and how political changes and the changing social situation in Israel may influence it.

Real estate in Jerusalem is in demand because of three main reasons: the normal growth of the local population and the fact that rental and building space is becoming rarer, a steady interest from real estate buyers from all over the world and the political situation. Let's examine in more detail each of the aspects that influence real estate in Jerusalem.

If we start by taking a look at the natural growth of the population we can see that like all other main urban centers in Israel, such as Tel Aviv, Beer Sheva and Haifa, Jerusalem is running out of available space, a fact which brings price increases and encourages builders to develop new projects. The Israeli real estate market has been red hot in the past few years but recent social unrest, climaxing in huge demonstrations against the high price of living, may bring price increases to a halt. However, it is too early to tell is the recent social unrest will have any influence.

As for outside international interest, this can probably be regarded as a constant factor which will continue to influence the real estate in Jerusalem no matter what the local market will look like. The fact that Jerusalem plays a part in the spiritual tradition of all three monotheistic religions brings a steady interest from potential international buyers and this is not likely to change.

As for the political situation this is something which may influence different parts of the city in different ways. Some of the neighborhoods in Jerusalem are not disputed and are considered a healthy real estate investment no matter what future political changes may occur. A familiarity with all three aspects influencing real estate in Jerusalem will turn almost any real estate deal into a good investment for many years to come.

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