Real estate experts advise against investing in Lod or Ofakim. Many housing projects awaiting approval have not materialized in recent days in the city of Lod and Ofakim. Undoubtedly due to the numerous protests from agronomist and environmental protection associations.
It should be noted that the planned housing areas are too close to plantations and fields of exploitation. These 11,000 apartments that the municipality wishes to build remain out of the ordinary and would have a harmful impact on the flora.
Investing in real estate in Lod or Ofakim poses a risk.
The city of Lod intends to remain an important player in the production of wheat and corn. However, it will have to abandon its expansion project and focus on restructuring its numerous dilapidated and poorly conditioned infrastructures.
This is a rebuke that the mayor received from the court, pointing out the estate of many homes that should enter into Pinouy Binouy programs (consolidation, renovation, and upgrading…)
The price per square meter has remained stagnant for about ten years below the million shekels mark, while the majority of the country has surpassed it.
Let’s stay positive for Ofakim.
Ofakim, located 20km from Beer Sheva, will present several construction projects. Indeed, the government could authorize 14,500 new housing units as well as the establishment of numerous infrastructures to energize the region.
This new agreement is expected to double the population of this southern city (30,000 residents to date). The program notably plans to allocate 30% of the new housing to young couples moving to the area.
Credit Israland.
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