Speculative private land, currently zoned for agriculture near Rishon L’Tzion
This is a relatively large parcel of land of which the current sellers own 22 dunams (between 5-6 acres).
We believe the long term potential for high asset appreciation is great. The land is private which in Israel is very rare. Only 7% of the land in the State is private. The land is located in what is called the ‘Mercaz’ or the ‘Center’ area. The Center in Israel today consists of areas in and around Jerusalem and along the Mediterranean coast from Ashdod in the south up to Hadera in the North.
This is where 70% of the population live and 80% of the population work. Over the last 10-15 years all of these remaining private lands have appreciated considerably in value without any change in zoning status. The parcels that did rezone increased in value anywhere from 10 to 30 times. This investment is a good long term holding for capital appreciation as the area has been rapidly growing in population and all signs point to continuous growth going forward.
Asking Price: NIS 225,000 (apx. $65,000) per dunam