Prices to continue rising in Hod Hasharon, say appraisers
Hod Hasharon is one of the 10 most attractive cities for real estate investment in Israel.
By MIRIAM BULWAR DAVID-HAY (TRANSLATED)
May 24, 2009 13:24
1 minute read.
Hod Hasharon is one of the 10 most attractive cities for real estate investment in Israel, according to a national survey by the Israeli Real Estate Appraisers' Association. The organization said that at the rate at which prices were currently rising in the city, Hod Hasharon's property prices would soon equal those of neighboring Ra'anana, reports www.local.co.il.
According to the report, the national appraisers' organization said the city had made and was still making continuous improvements to its appearance, infrastructure, transport and accessibility to the city center, all of which were sending property prices upward.
"Beautifying the entrance roads and easing arrivals into a city influence its property values... an attractive entrance to a city has a dramatic impact on a city's image and on its property values," the appraisers said. They added that it "would not hurt" if the city of Tel Aviv learned a lesson from Hod Hasharon's improvements.
The appraisers said that property values along Hod Hasharon's main roads had already risen by 11 percent, and that once the planned revamp of the city center was complete, they estimated that prices would rise a further 12 percent. City officials recently announced that an architect had been chosen to design a new city center and 100-dunam central park.