Yemin Moshe is a beautiful neighbourhood with the charm of a French village coupled with magnificent views of the Old City of Jerusalem.
Small wonder that although there isn't too much to do in the suburb, people come from far and wide just to walk its quaint alleyways and admire the views.
Yemin Moshe History
Ironically, given the current luxury nature of the neighbourhood, Yemin Moshe was originally established for the poor who could not afford the prices in the Old City itself.
It was one of the first to be set up outside of the Walls and was done so thanks to the generosity of Moses Montefiore and bears his name because of it.
Somewhat controversially, after the reunification of Jerusalem, the existing poorer residents were relocated to Katamonim, while their former neighbourhood was renovated to become the luxurious Yemin Moshe that we know today.
Yemin Moshe Real Estate
Yemin Moshe is one of the most desirable locations in Jerusalem, and the prices of real estate in the area reflect that.
The properties in the neighbourhood are mainly houses, and though most of these are not detached, their size more than makes up for that.
There are a lot of stairs in Yemin Moshe, and not a lot of access for cars. There are car parking spaces nearby, but the last few hundred yards will be on foot, so it’s something to bear in mind if you think it might be an issue.
The lack of cars is a huge plus point from a peace and quiet point of view, and while there’s not much to be done about the noise from nearby roads, the neighbourhood is generally a very tranquil place.
If you are interested in property in this area, please be in touch with email@example.com who will be pleased to assist you further.
Yemin Moshe Landmarks
Originally built as part of the philanthropy project of Montefiore, the idea being to enable the residents to become more self sufficient, it now holds a place at the top of it’s hill as an iconic building for both Yemin Moshe and Jerusalem.
The windmill itself was constructed in 1857, and was in use for only 19 years. It was abandoned until the 1930s, when it was given a facelift, but still remained not in working order.
This remained the case until 2012, when the mechanisms within the tower were restored and the sails of the windmill began turning again. In between, it had an interesting history, being used as an observation post and subsequently having its top blown up.
At its base is a small museum for Yemin Moshe’s founder, Moses Montefiore, and it attracts many couples on their wedding day for photographs, particularly as they can continue on into the picturesque streets of Yemin Moshe itself.
Adjacent to Yemin Moshe, lies the Artist’s Colony, a small avenue lined with shops that leads up towards the walls of the Old City of Jerusalem.
It was constructed in the 1930s, but after the war of Independence, ended up in “no-man’s land” between Israel and Jordan and was left abandoned until it was renovated by legendary mayor Teddy Kollek after the 6-day-war and opened in 1969.
It was intended from the outset to be a place for artists and artisans to come and practice their craft.
Key population facts about Yemin Moshe
(Correct as of February 2022.)
- Percentage of Yemin Moshe residents over the age 65: 20%
- Percentage of Yemin Moshe residents that own their home: 71%
- Most popular type of apartment in Yemin Moshe: Four rooms (36%). Three-room apartments are 35%
- Percentage of Yemin Moshe residents that don't work: 40%
Four recent sales of homes in Yemin Moshe
- December 2020. A 181-square metre, five-room apartment, on the first floor of two, on Malachi Street, was sold for 10,605,000 Shekels. The building was built in 1960. The full cost of the apartment translates to 64,272 Shekels per square meter.
- May 2020. A 178-square metre, five-room apartment, on the ground floor of three, on Hamivshar Street, was sold for 6,023,100 Shekels. The building was built in 1800. The full cost of the apartment works out at 33,837 Shekels per square meter.
- July 2019. A 191-square meter, six-room apartment, on the ground floor of three, on Tora Street, was sold for 6,725,000 Shekels. This building was established in 1970. The price for a square meter of this apartment works out at 56,041 Shekels.
- January 2019. A 112-square meter, six-room apartment, on the ground floor of three, on Pele Yoetz Street, was sold for 4,475,000 Shekels. The building was built in 1970. Per square meter, this comes out at 39,955 Shekels.
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