"This paper deals with the recent immigration into the "Lev Tel-Aviv" area, a central neighborhood of Tel-Aviv developed during the 1920s and 1930s. The study thus pertains to the problems of decline and revitalization of aging neighborhoods which during the past years have become a major concern of urban policy and research. The purpose of the investigation was to understand the process of change of the neighborhood, and to identify the factors which affect the composition of the migrants and thus the future character of the area. In addition, alternative theories of neighborhood change could be tested in the context of the Israeli housing market."