New Haifa Neighborhood Meant for Young Couples Draws Investors Instead

Builders bought the land from the state at a discount, but apartment prices are still beyond the reach of the first-time home buyers who were supposed to benefit.

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This year was shaping up to be a good one for prospective first-time home buyers in Haifa. In late January, the Israel Lands Administration awarded tenders for the purchase of land on the city’s southern...