The Real-estate Deal: Ra’anana: Little New Construction, Prices That Don’t Change Much

Most new apartments are already sold, and prices don’t have much more room to climb.

Ra’anana doesn’t seem to change much, or quickly. And even when they do build new homes, it is only a few more units added to the market. The new Neve Zemer neighborhood, in the northern part of the city, is expected to add some 3,500 housing units – but a large proportion of them, about two thirds, have already been sold as part of the combination deals between the land owners and...