Tel Aviv seafront apartment sells for NIS 81.5m
Despite a few big sales, the luxury market is in retreat; foreign buyers no longer prepared to pay whatever it takes to snag what they want.
The highest-priced residential real estate sale in Israel for the first half of the year came in June, with the purchase of a 10-room apartment on the 17th floor of developer Henry Taic's David Promenade Residences project on the Tel Aviv waterfront. The 612-square meter apartment sold for NIS 81.5 million. And the buyer's family shouldn't have a problem finding parking, because the apartment in the 26-story...
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