November 22, 2012 11:56
Urban renewal is gaining traction as a means to increase the number of housing units in high-density areas, but many bureaucratic obstacles remain unresolved.
Real-estate prices in Israel are sky-high, and one of the reasons is that we are
a small and crowded country where land for building purposes is at a premium.
This shortage is especially true in established cities in the country’s Center,
such as Tel Aviv and surrounding satellite towns like Givatayim and Ramat
Gan.In these places, land for building purposes has practically run out.
And since demand in these places is high, it constantly outstrips