Old Romema, Haifa — Investment Evaluation of the Neighborhood (551)

Old Romema is a historic neighborhood in Haifa with long-established residential buildings and a well-developed urban infrastructure. The area is dominated by older, low-rise buildings, giving it a cozy, traditional city atmosphere. The neighborhood attracts both long-term residents and investors seeking properties with renovation potential.

Overview of the Neighborhood

Old Romema is conveniently located near major transport hubs: Carmel tunnels, Highway 75, and the central bus station “Merkazit HaMifratz.” The neighborhood offers comfortable streets, small parks, local shops, schools, and kindergartens. Although most buildings are older, the municipality actively maintains the area, modernizing infrastructure and public spaces.

Investment Evaluation of the Neighborhood

Rental Yield:
Average. Renters are attracted by relatively lower prices and convenient location.

Rental Demand:
Stable. Most in-demand units are 2–3-room apartments and small studios.

Liquidity:
Medium. Sales may take longer compared to newer parts of Romema, but renovated units sell quickly.

Entry Threshold:
Low to medium. Prices per square meter are lower than in Romema Hadasha or Central Carmel.

Growth Potential:
Positive. Renovation and refurbishment of older apartments can increase their value.

Investment Strategies:
• Purchase older apartments for renovation and resale.
• Long-term rental of smaller units.
• Investment in urban renewal projects (Pinui-Binui, TAMA 38).

Practical Checklist for Investors

• Check the condition of utilities and elevators.
  • Review nearby schools and kindergartens.
  • Assess parking availability and access to major roads.
  • Determine renovation and modernization potential.
  • Research municipal plans for neighborhood renewal.
  • Check noise levels and building density.

Tips from Unehasim

• 2–3-room apartments in Old Romema are popular among families and students.
  • Buying renovated units for rental ensures stable income.
  • Older properties with potential for reconfiguration can increase resale value.
  • The neighborhood is suitable for investors with a limited budget.
  • Carefully inspect utilities and common areas.

Looking to invest or buy an apartment in Old Romema? Unehasim will help you find the best options according to your budget and goals.