New Developments in Givatayim
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Questions fréquentes sur Givatayim
For a new 4-room apartment (Tama 38 penthouse), 2.2 to 3.5 million ₪. Premium penthouses with large terraces: up to 4.5 million ₪. Per sqm: 32,000 to 55,000 ₪. Givataim is among the 5 most expensive cities in Israel. 15-20% cheaper than North Tel Aviv for comparable Tama 38.
Tama 38 is an Israeli national plan that allows strengthening old buildings against earthquakes while adding additional floors. Developers finance the work in exchange for the right to sell the added new apartments. In Givataim, almost all old buildings from the 50s-70s are candidates.
Givataim offers the same quality of life and urban proximity (5 min from Tel Aviv center) as North Tel Aviv, but 15-20% cheaper. Public schools among the best in Israel, garden-city atmosphere, tree-lined streets, parks (Menashe, Ben Yehuda). Families with children often find Givataim more suitable than Tel Aviv.
Yes but the program is evolving. Tama 38/1 (reinforcement + adding floors) is expiring in certain municipalities (including Givataim partially) and is being replaced by specific municipal plans. Many already launched projects continue their construction, new ones must go through the new local schemes.
Yes, it's common. Tama 38 penthouses are particularly sought after by international investors (terrace, view, new in mature location). Developers offer files in English, financing possible via Israeli banks with 50% down payment for non-residents. Power of attorney for remote signing.
