“Florentin’s population is young, due to small apartments where there is a lot of neighborhood,” Realtor Moske, operating Florentin for many years. “This ensures that prices will be a little easier to pay. In addition, the neighborhood continues to develop constantly and offer attractive things to young people. The municipality’s decision to pedestrians also had its effects and is keeping them here.”
“But if the form of rising prices will continue, it will prevent young people from the neighborhood,” he added. “They go south, in neighborhoods like Kiryat Shalom or at Shapira neighborhood. Some have already done it.”
Increasing prices can be heard on the ground: Some claim that neighborhood prices have reached the prices of prices in most Tel Aviv neighborhoods.
A 110% price increase
Florentine extends over 353 Dunams (88.25 hectares) in Southern Tel Aviv, between Derech Jaffa and Erech Street in the West, and Erech Street in the West, and Erech Street west, and Erech Street in the west, and Houses Alihet in the west, and houses of about 10,000 residents. The neighborhood density is one of the highest in the country: 15 housing units per 1,000 square meters.
According to the data from the Madlan website, since the beginning of 2025, 35 neighborhood apartments are sold, new 2004 worth of 2004 in the sum of the 2004 worth of the year, at a average of the NIS 52,000 per square meter. Madlan’s data is also displayed between 2014 and 2023, the price of the neighborhood apartment increases at around 110%, at least 2024, the neighborhood prices actually reduce smaller.
Madlan said 23 of 37 apartments sold in the neighborhood since the beginning of the year (about 62%) two bedroom apartments. No four-bedroom sold apartment sold since the beginning of the year.
“There is not a lot of supply in the four-room apartment in the neighborhood, so there is a fight with each other,” says Guide. “Only families, increasingly occupying many places in the neighborhood, or many companions together with NIS apartments, currently rented for 5,000 per month, which is now rented for the NIS 10,500 per month, currently rented for NIS 8,500.”
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Madlan CEO Tal Kopel says, “If you look at the mix of apartments sold in common neighborhood apartments in neighborhood neighborhoods are capable of becoming higher.”
New Projects: crossed NIS 70,000 per meter mark mark
New real estate projects growing throughout the florentin lately, and some apartment prices have already crossed NIS 70,000 per meter mark.
In the Julie Project at 91 Herzl Street in Tel Aviv, owned by Yuvalim City Boy, All Deals Done This Year Reflect an average price of more than NIS 68,000 Shekels per square meter. The maximum is a NIS 4.27 million deal for a new 52-square-meter apartment with two rooms, on the fifth floor, purchased in April. The transaction shows an average price of NIS 82,000 cycles per square meter.
The Gat Rimon project in YBox is on the northern border of Florentin in Gat Rimon Street. According to the 2024 annual reports of the company, nine apartments are sold in project last year, at an average price of NIS 77,000 per square meter.
This is a unique price because it is defined as a luxury project, but it also appears in the recent “jump” of premises. In 2023 the average price for the project sold apartments is about NIS 65,000 per square meter, an increase of 18.5% in one year.
YBOX is currently highlighting another project in Florentin, the “Gvulot complex” between Matalon, Gvulot and Abarbeyns Streets. In this project, the company has not begun to sell apartments, but the average price per square meter, accordingly calculated the gross chanpula in 2024.
In the Saloma project of Hagag Group Mouma, with four buildings with 105 apartments, prices per square square of contracts signed in early 2025 is that of 56,800 contracts on average of 21.5%.
The correct 38 is over, the new plan is prepared: the supply has fallen
The end of the correct 38 reject the project last summer leaves a vacuum of Tel Aviv-yafo when it comes to changing an individual buildings. Tel Aviv municipality is still working on one’s own planning of construction, TA / 5555, the approval process that is expected to come at least a few more months. A new plan for District 8, where Florentin is located, and that the fog can clearly surround the potential to change the entire area, cannot be seen.
However, there is progress recently. This month, a detailed plan update plan 44 has been approved for submission, for commercial area of North Florentin, and at one time, a policy document for North Florentin has been approved.
However, some saw a certain stagnation carrying a small number of new apartments built and a limited supply of apartments.
Gabbay says, it is one of the main reasons for the rise in neighborhood prices:
Tel Aviv-Yafo Municipality’s Response: “Contrary to what is claimed, the Florentin neighborhood has been undergoing a renewal process in recent years, and there is a balance between the initiatives on the ground and the most fabric and qualities of the neighborhood. Just last week, The Local Committee approved a plan for North Florentin, which is intended to preserve the neighborhood’s character as a mixed Urban space, allowing a different office and preserve the unique characteristic of the neighborhood, 28 allowed to be approved for implementation. “
Published in Globes, Israel News in News – en.globes.co.il – On June 3, 2025.
© Copyright in Globes Publisher Itonut (1983) Ltd., 2025.
