The new residential project in Haifa touted as New Vardia or Vardia Opposite the Sea (ורדיה מול הים) is neither Vardia nor exactly opposite the sea. The project is squeezed between high-end residential area of Vardia and deep wadi with old dilapidated houses populated mostly by Ultra-Orthodox Jewish residents. There is no connection to Vardia, the only road to New Vardia goes … [Read more...] about New Vardia or Vardia Opposite the Sea (ורדיה מול הים)
Real estate
Real estate bubble in Tel Aviv
The real estate market in Tel Aviv, Israel, has seen significant growth and demand in recent years, leading to concerns of an overpriced and potentially inflated market, often referred to as a real estate bubble. A real estate bubble occurs when the prices of properties in a certain area increase rapidly and unsustainably, outpacing the growth of the local economy and income … [Read more...] about Real estate bubble in Tel Aviv