The history of Neve Tzedek and its culmination into one of Tel Aviv's most beautiful neighborhoods is a story of urban success. Twenty years ago, Neve Zedek was already a solid neighborhood, yet the renovation and historical conservation of this magical place has given it a twist of additional charm and polish, raising the prices of properties in the neighborhood to 8,000-10,000 $ per square meter. The rise in real estate prices in the Neve Zedek neighborhood has risen tremendously in the past three years- three years ago, the price for a square meter was 2,700$.
How is it possible then, that the prices have risen so quickly? It is obvious that Neve Zedek is the most charming neighborhood in Tel Aviv. Houses, buildings and apartments have kept an authentic style, adding to the picturesque scenery of the neighborhood. New construction in the area has kept the authentic style of the neighborhood as well. With it's low-rise houses and near-the beach atmosphere, Neve Tzedek has become an ideal place for tourists attractions, for Israeli citizens who want to take walks around its narrow streets, and for real estate entrepreneurs and private buyers to invest, live in, and transform the neighborhood into a pearl in the heart of south Tel Aviv.