Modiin real estate

Modiin

Why Modi’in Real Estate?

Modi'in home. © Copyright

HISTORY & COMMUNITY

Modi’in is Israel’s youngest city where the late Prime Minister Yitzhak Rabin laid the cornerstone in 1993 for a new city merging the neighboring communities of Maccabim and Re’ut.

Ideally situated midway between Tel Aviv and Jerusalem, the concept of Modi’in expresses the desire to live in the center of Israel but away from the noisy hustle and bustle, offering beautiful scenery, fresh air and nature to live and raise families living among a diverse population. The city was planned and designed by the well-known architect Moshe Safdie taking into account the highest standards of urban planning, environmental concern and planning for future growth.

Today, Modi’in is a young and rapidly growing city boasting 164 state and state-religious kindergartens, 27 schools, green parks, as well as shopping and entertainment centers and home to over 75,000 citizens.

The average age of Modi’in inhabitants is 32, educated, married, and practices a liberal profession. About 8,000 inhabitants are new immigrants, half of whom immigrated from the former Soviet Union and half from countries such as the United States, South Africa, France, and the UK. Israel’s Housing Ministry has a long-term expansion and construction plan for the city to become the home for 250,000 inhabitants.

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The city comprises several different neighborhoods, each containing their own parks , kindergartens, schools, synagogues, youth centers and shopping areas. Buchman is one of Modi’in’s youngest and most exclusive neighbourhoods located in the southern part of the city. The population of Buchman is diverse, many of its residents are from Anglo Saxon origin. Buchman real estate is in high demand and the most desirable homes have appreciated in value by more that 200% in the past 6 years.

There is a mixture of both religious and secular residents throughout the entire City, with the highest concentration of religious residents in the Buchman, Givat C and Kaiser neighborhoods.

Modi'in City Center. © Copyright

EMPLOYMENT

While Modi’in is located in between two major cities offering an array of employment opportunities, the city also boasts local work opportunities in extensive business, commercial and industrial zones established over the past 10 years. More and more large local and international companies are moving their logistic centers and outsourcing facilities to the area. Among the major companies located in the area are Elbit Systems Ltd. Kravitz, Gav Yam, Ariz and Office Depot, as well as several hi-tech firms.

TRANSPORTATION

The city of Modi’in has been well planned connecting to four major highways. Highway 443 connects Modi’in to Jerusalem and Tel Aviv by way of Highway 1. Highway 431 connects Modi’in to Lod, Ramla, Ness Ziona and Rishon Letzion and Highway 3 connects Modi’in to Latrun. The fast Trans-Israel Highway 6 runs adjacent to the city of Modi’in, and enables a rapid flow of traffic to the north and south of Israel within a shorter time.

Modi’in has a central railway station, which opened in April 2008 in the center of the city conveniently connecting the locals to and from Tel Aviv in a mere 30 minutes ride via Ben-Gurion International Airport. The line also connects to Haifa, Akko and Nahariya in the north. A connection between Modi’in and Jerusalem is currently under construction, with service expected by 2016.