Israel is unique in so many respects. It is a first world country with some very high net worth individuals yet it has a tiny land mass.
Add to this demand supply equation a worldwide Jewish community that considers Israel its second home and has both the desire and the means to purchase a second home in Israel. This places further upward pressure on the already strong Israeli property market.
For those with the means, the desire to acquire the best luxury real estate in Israel means that they concentrate on a few prime locations. One of Israel’s great natural attributes lies on its eastern border – the Mediterranean Sea. And, as is the case with most real estate in the world, real estate in close proximity to the sea demands a premium price.
Jerusalem may be the capital of Israel but ask many people to name a city in Israel and Tel Aviv will be the words that spring to mind. Tel Aviv is a thriving cosmopolitan city that is a melting pot of different cultures and peoples. Whereas Jerusalem is more quiet, conservative, and introverted, Tel Aviv is loud, in your face, out there, and this is going on 24/7. It is for this reason that luxury apartments in Tel Aviv command premium prices.
The sea is a huge year round attraction in Tel Aviv as Israel is blessed with long, hot summers and
temperate winters meaning that the sea is able to be enjoyed even during winter where walks along the beach and even the occasional swim are part of life for the locals.
Approximately quarter of an hour north
of Tel Aviv is the prestigious suburb of
is amongst the priciest in Israel
and for good reason.
Herzliya Pituach is located on the same Mediterranean Sea as Tel Aviv but the beaches are arguably better and less cluttered. Vast expanses of powdered white sand, crystal clear waters and an aristocratic air mean that Herzliya Pituach is a place much in demand by locals and foreigners alike.
Herzliya Pituach is the home to embassies and ambassador’s homes. The local population is of a high calibre – well educated, sophisticated, urbane, and appreciative of the best that life has to offer. And in Herzliya Pituach, whether it be the restaurants, malls, or cafes, the best is on offer for those who want to avail themselves of it.