Modi'in Illit is the second leading city, after Jerusalem, in the number of apartments sold by private entrepreneurs in recent years, according to the Central Bureau of Statistics. “It’s not a surprise considering the strong desire among young couples and large families to live here,” said Modi'in Illit Mayor Rabbi Yaakov Guterman. But it is the first time the city has reached the number two position.
The ratings, published this week by the Globes business news service, show 293 Modi'in Illit housing units were sold in 2007, and 556 in 2008, as compared to 564 apartments sold in Jerusalem during 2008.