Beer Sheva real estate awakens

Long considered a poor city with little to do in the desert except go to University, Beer Sheva is awakening and rising in value rapidly as other markets soften on the high end. Bargains are still to be found here, 3-room apartments near the University selling for roughly $120,000 US, but more villas and luxury units are beginning to be built as cultural, shopping centers and the desert climate are attracting those who formerly spurned the city as having little to offer.

Recent months has seen a 26% rise in real estate sales in Beer Sheva, many considering it the new investment market offering the quickest short-term return.

A new project of Abessror builders is launching  two luxury towers which will house 156 units with the largest 5-room unit of 133 meters selling for 1.28 million NIS.

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