Increase predicted in German Colony property values

The German Colony is turning into an upscale location with the completion of the Isrotel Residence Project.

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August 10, 2015 18:15
1 minute read.
The German Colony in Jeruaslem

On Emek Refaim Street, the German Colony’s main drag.. (photo credit: MARC ISRAEL SELLEM/THE JERUSALEM POST)

 
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 If real estate in the German Colony was expensive up till now, it’s going to be even more so with the completion of the Isrotel Residences Project which, together with its hotel, will give the German Colony a more upscale ambience that will also reflect on business enterprises, especially eateries on Emek Refaim Street.

This week, Habitat and Pollack Blush Real Estate hosted the official launch of the new Isrotel Residences, which are being built in tandem with the Isrotel Hotel on a plot of land that faces Emek Refaim on one side and Derech Beit Lehem on the other. The vehicle entrance is on Derech Beit Lehem, and there are pedestrian entrances from Emek Refaim and Patterson streets. Both projects will be ready for occupancy by the end of 2016.

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