The beachfront district of Herzliya Pituach is one of Israel’s most affluent areas. Herzliya is named after Theodor Herzl, founder of modern Zionism. The area, in the northern section of Tel Aviv, is both informal and international.
Herzliya Pituach is home to the diplomatic corps and the country’s top earners including captains of Israel’s high tech industry.
Development has momentum and real estate in Israel is drawing in buyers. The luxury villas and ranches of Herzliya Pituach have been experiencing increased activity from foreign investors, new immigrants and vacationers ready to put down roots. Yachts are docked at the Herzliya marina, one of the country’s largest and a leading tourist destination for its entertainment offerings. Estates on larger plots with proximity to the Mediterranean seafront fetch the highest prices, as do parcels zoned for low density.
While the private sector dominates development, the vast majority of land in Israel is owned by the state, which is generally leased out in a renewable term of 49 years.
Herzliya Pituach is within easy proximity to Tel Aviv, Israel’s second largest city. A secular, multicultural metropolis that’s low in crime and rich in cultural life, Tel Aviv has large and growing green presence. Some 20 percent is dedicated park lands.
Tel Aviv is the country’s business, financial and commercial core and the heart of its high tech industry. Start-ups have been warmly welcomed here to the extent that Tel Aviv is known as Silicon Wadi--wadi meaning “valley” in Arabic.
Tel Aviv is one of the most visited destinations in the Middle East. It is a young and vibrant city influenced by both eclectic Orientalist and European traditions, which is evident in its architecture. That architecture has been recognized with a UNESCO World Heritage designation for its White City--an astonishing collection of more than 4,000 buildings of the Bauhaus school--the largest concentration of Bauhaus anywhere.
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from Sotheby's International Realty
Content Producer Iyna Bort Caruso