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Would affordable housing kill property values in Israel?

Posted on 12 August 2011

Are you in favor of affordable housing? If you are, you may want to consider this. If you want to build “socially correct” apartments on your own property, the land’s value could fall by 28% or more, found a study by the Tel Aviv-Jaffa municipality.
The developer will also likely face impediments in the form of objections by neighbors and others, not to mention possible damages claims………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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