Jerusalem's Bukharian Quarter (archives)
Photo: Itzik Shviki, Society for Preservation of Israel Heritage Sites

Rabbis to build haredi housing project in Jerusalem

Anglo Saxon realty company holding talks with Temple-treasury to market key money housing to ultra-Orthodox population in capital's Bukharian Quarter; project to include 25 four-room apartments

Harel Ben Moshe, manager of the Anglo Saxon realty company's Jerusalem branch, is holding talks with the Jerusalemite Temple-treasury in a bid to market key money apartments to the capital's ultra-Orthodox population, Yedioth Ahronoth's business newspaper Calcalist learned.


The land, spanning one-quarter of an acre, is located in Jerusalem's Bukharian Quarter, and the city building plan in the area allows the construction of 25 housing units.


The Temple-treasury plans to build four-room apartments measuring 100 square meters (1,076 square feet) in size. The apartments will be received for a key money contract for 25 years, and the contract will be renewed later on if needed.


The decision to build the project in a key money format was received in light of the Temple-treasury's legal status, which does not allow it to sell apartments, and as a solution to the high prices of apartments Jerusalem, which prevent many haredi couples from purchasing apartments.


The price of a similar apartment in the Bukharian Quarter could reach $400,000, while the price offered to haredi couples will stand at $210,000.


פרסום ראשון: 07.10.09, 09:49
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