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Another significant urban renewal project in Ashkelon is advancing: The Municipal Planning and Development Council is expected to discuss this week the submission of the Temel/2065 plan – “Urban Renewal Eli Cohen, Hanasi and Kikiyon” in the old Afridar neighborhood. This is one of the largest and most significant plans currently being promoted in the city, and it is expected to dramatically change the face of the old complex between Eli Cohen, Hanasi and Kikiyon streets.

In the new luxury resort “Reef” planned to open in 2027 on the Ashkelon coastline, Dana Nadlan analyzes how such a tourist-urban move could become a significant improvement engine in the local real estate market as well. The review focuses on what the plan includes (seafront rooms, spa, restaurants, rooftop and leisure complexes) and what the broader significance is: strengthening the city’s image as a sought-after coastal city, increasing economic traffic, and increasing demand for properties near the marina, Afridar, Barnea and the promenade. This is a post that translates urban development into real estate opportunities and emphasizes how to identify a location and trend before the market fully prices them.

The Wine City neighborhood in Ashkelon currently offers a variety of projects with attractive financing terms, including 10/90 and 20/80 deals, which allow buyers to pay a small percentage of the amount at the time of signing and the balance upon moving in. These deals represent an excellent opportunity for home improvement, young couples, and investors interested in purchasing an apartment on favorable terms.