Despite the ten month moratorium on building in Maaleh Adumim and other developments on the other side of the green line, demand and apartment prices are showing rapid growth.
It is the agent’s particular experience that Maaleh Adumim has shown a dramatic 10% increase in sales price in the last year for a 4-room apartment in the new 07 area.
The appeal of Maaleh adumim is obviously square meter per $US and the potential for young families to own a more spacious, newer apartment for an average price of 1.1 million shekels for a 120 meter unit. The average unit also offers a balcony or garden, storage as well as private parking.
Maaleh Adumim continues to win awards for its beauty and cleanliness and new developments for shopping such as the Rami Levi grocery chain in the former industrial area of Mishor Adumim makes the area an attractive alternative for those working in Jerusalem despite the 45 minute commute during rush hour. Other times of day offer a 20 minute drive to the city center but new highways also make access to Tel Aviv available bypassing Jerusalem traffic.