Vast Plots in Yerucham Offered for Under $100,000
Translated & summarized from Arutz Sheva by baba
Sixteen large residential plots in Yerucham, Israel, are available for approximately $97,000 each through a construction group initiative. The initiative allows buyers to collectively purchase land and potentially save significantly on building costs. A live online event on November 17 will provide full details on the process, costs, and suitability for buyers.
The story in 5 lines · by baba
- 16 large residential plots in Yerucham are offered starting at $97,000 each.
- The plots are part of a construction group initiative to reduce building costs.
- The initiative allows for building single-family homes with pools and guest units.
- Yerucham is undergoing a major development with 7,000 new housing units planned.
- A live online event on November 17 will explain the construction group process.
Sixteen large residential plots, ranging from 330 to 500 square meters, are being offered in the Makhtesh neighborhood of Yerucham, southern Israel, starting at NIS 350,000 (approximately $97,000). These plots are part of a construction group initiative, allowing buyers to purchase land collectively and potentially save 15-20% on development costs compared to buying a finished home. The initiative is based on an approved plan by the Israel Land Authority (RAMI) that permits significant building rights, including private pools and guest units.
Dvir Dimri, who is marketing the plots, stated that this opportunity is not for everyone and requires a full understanding of the implications. He explained that Yerucham is undergoing a significant transformation, with a NIS 2 billion government agreement for approximately 7,000 new housing units across 11 neighborhoods and tax benefits that provide families with about NIS 5,000 monthly. Dimri noted that most plots in the Makhtesh neighborhood were marketed to the national-religious community, but these larger plots are rare and suitable for building a full single-family home.
A live online event is scheduled for Tuesday, November 17, at 8:30 PM via Zoom, where Dimri will detail the construction group process, financing, timelines, risks such as the absence of a sales law for such groups, and potential profit. The event aims to clarify how the process works and who it is best suited for, whether they are looking to upgrade their home or invest.