Jaffa is a story of rising popularity; A buzzing food scene, urban renewal at every corner and another moment also a connection to Rothschild Boulevard in Tel Aviv in five minutes thanks to the light rail.
Jaffa is a story of contrasts connected to a spectacular tour. The flea market and Noga neighborhood, the light rail and Jerusalem Boulevard, Jaffa which is a desirable and prestigious urban district for living and a favorite entertainment center for every Tel Avivian, and in fact every person who knows what is good for him. Its port is undergoing renovation, the multitude of magical alleys in the old city hide a long history, one could say a hot Sifu, and not only in summer.
Some will say that the best reason to settle there is the developing beauty of the city, which is slowly becoming more well-kept and trendy, but those who know Jaffa know that it is not only trendy, but also a favorite Tel Aviv location for entertainment and especially a real estate hit for investors.
The quality of life that is increasingly raising its head in the city, the light rail that will soon open its doors and increase the cost of properties in the city many times over, and the higher value for money, all of these will bring investors to invest in Jaffa in the next decade.
Anyone who lives in Jaffa and walks its streets knows the picture: parents being dragged by their enthusiastic children to see the house they want to buy in the city.
It didn’t happen in one day. Just a few years ago, Jaffa began to take off, since then the image of the city has improved and the real estate prices there are going to grow accordingly, and will reach high peaks with the operation of the light rail.
In the not-too-distant past, in the mid-nineties, Jaffa was hot when it came to real estate. Not just hot – boiling hot. Renting and buying prices skyrocketed. The Ajami neighborhood was considered a hit, and even a small house of sixty square meters and a gallery, without a view and without building rights Kidnapped for three hundred thousand dollars, an amount that sounds completely imaginary these days. That’s when all the prestigious projects were launched that were marketed at a particularly high price level, and at the beginning they even recorded good sales.
The location by the sea, the special and colorful atmosphere, the unique style of the houses and the feeling of a village in the middle of the city, many flew to Jaffa, to buy and rent. The real estate sections of the newspapers were filled with huge articles about the prestigious Jaffa. But the riots of October 2000 shook Jaffa and for several months almost no customers from outside Jaffa came to the businesses and places of entertainment. Real estate prices fell again, although from then until today there were clear signs of a change in trend . It is a fact that real estate in Jaffa has really boomed in recent years.
The light rail and the expected and easy connection between one of the most attractive cities in the world and Jaffa signifies a growing demand for residential properties, for purchase and rent. Transactions in all price ranges, including very expensive properties, are carried out almost every day.
The feeling on the streets of Jaffa is that in a short time, especially with the opening of the light rail line, another real estate boom will come to the city. Prices in Jaffa are only expected to rise. The smart investors already understand that they are about to hear a sentence that was almost unheard in Jaffa until a few years ago: “I’m dying to live In Jaffa… but very expensive.”
