Beersheva

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Why Beersheva Real Estate?

Beersheva Real Estate

HISTORY & COMMUNITY

Beersheva, Israel’s fourth largest city also referred to as the capital of the Negev desert in southern Israel, has a population of around over 200,000 people mainly of veteran Israelis. In recent years, the city’s population has been boosted by a large wave of new immigrants mainly from Russia and Ethiopia.

Beersheva has an Old City featuring attractions such as the Abraham’s Well, the Negev Art Museum, Allenby Garden, the Turkish Train Station, the British War Cemetery and the Aljama Mosque. Since the late 1990s, the city has expanded its commercial facilities with a large shopping center the Kanyon HaNegev near the central bus station and smaller neighborhood shopping malls.

Beersheva is a university city where the Ben-Gurion University of the Negev is located, which in recent years has transformed the city into a magnet for investment into real estate, as more and more, often smaller investors see potential for renting out apartments to students. In addition, property prices in Beersheva are lower than in the demand areas such as Tel Aviv and there is a high proportion of families living in rental accommodation.

Beersheva

In recent years, the capital of the Negev has also developed as a cultural center of the Negev. The Center for the Performing Arts, that opened in September 2008, hosts performances by Israeli and international figures in all the performing arts, in additiont to the city theater, the Israel Sinfonietta BeerSheva, and the Kamea Dance Company.

EMPLOYMENT

The main centers for employment in Beersheva are provided by the Israel Defense Forces, the municipality, the Ben-Gurion University, and the Soroka Medical Center. In and around the city there are a number of industrial zones, which are home to large corporations such as Teva Pharmaceuticals Industries and Makhteshim Agan.

Furthermore there are plans in progress to build a new high-tech park spanning 100 acres adjacent to the Ben-Gurion University as part of a joint venture of the university, the municipality and the American KUD company, providing jobs for thousands of people.

TRANSPORTATION

Beersheva is located about 115 kilometers southeast of Tel Aviv and 120 kilometers southwest of Jerusalem and is served by a well-connected road, bus and railway system operating within the city and connecting to the rest of the country.