Luxury Apartments

Even luxury assets are facing demand challenges: for half a year, not a single apartment has been sold in the project of the Aviv Group and Lenny Group on Herbert Samuel Street in Tel Aviv. In the tower, which rises to a height of 18 floors on the waterfront, 50 apartments are being built with some of the highest price tags in the country.

The luxury market in Jerusalem is not stalling: foreign residents are purchasing luxury apartments for tens of millions of shekels, at an average price of nearly 15 million shekels per unit.