Eilat. Real Estate in Eilat

Real Estate in Israel – this is a safe and profitable investment. Over the past decade, prices have risen by 10 to 12% per annum consistently and stably. Even the recent global crisis has not affected the growth of property prices in Israel. The question is what is the most profitable place in Israel for investment today? Of course, you can buy a house or apartment in Tel – Aviv, Netanya, Caesarea, Bat Yam, Jerusalem or Haifa, and this property will be profitable and will continue to grow in value.

But if you do not have a good reason or necessity to live in the center of Israel, and you’re investing in order to preserve and increase your Capital, I’d like to draw your attention to the city Eilat that is located on the Red Sea coast.

Apart from the fact that real estate prices in Eilat have increased as much as in all other parts of the country, the great thing about the city is that currently we are in the midst of building a new international airport. This new airport will give a strong impetus to the development of resorts in the city, and thus will increase Real estate prices further more.

Eilat is Israel’s southernmost point. The distance from the center of the country is about 300 kilometers through the Negev desert. This is the only place where you can relax in the Red Sea in conditions of high civilization. Eilat is an international resort all year round. The Red Sea has very unique characteristics, there is clean and warm water all year round, the water temperature is moving in a narrow range between 20-26 °C. The air in the area is very clean (no factories!). All the year there is sunshine and good weather, all this attracts tourists from all over the world.

The distance from the rest of the country and inconvenient transportation to Eilat, delayed the development of the city. Today the construction of a new international airport is in full power. The field will be built 18 kilometers from the city; works are scheduled to end in 2016. Currently, there is an Airport in Eilat. But the field which currently exists has a small track and located in the tourist area, not far from the sea. So it serves domestic flights only. With the advent of the new international field, the old field will be closed, and this area will be Exploited for the city to develop more its tourist area and new resort. With the opening of the new modern international airport, tourists will be able to arrive in direct flights to Eilat from around the world! Experts predict that with the beginning of the activity of the airport the number of tourists will increase by 3-4 times, it will give additional impetus to the extensive development of the city. In addition there is planning in the coming years to build a railroad to Eilat.

City development perspectives are huge: the resort is going to grow and develop, and in accordance the real estate prices also will increase. The fact that Eilat is surrounded by mountains and sea, leave limited building space of Land for construction, which is very important for the success of your investment.

Rapid and steady growth of real estate prices is guaranteed in Eilat.

 

Michael Lerner, “Club Eilat” company, Israel .