Tel Aviv homes with parking fetching premium prices
Tel Aviv homes with parking fetching premium prices Developers are reluctant to build housing in Tel Aviv under the new regulations, which limit parking spaces. A year after the new reduced parking regulations came into effect in Tel Aviv for new homes, prices for apartments with parking are rising at a faster pace than for apartments without parking. The new building regulation stipulates that developers can only provide one parking space for each two apartments in the city center (zones 3, 4, 5 and 6) and four parking spaces for each five apartments in the north, east and south of the city ...
Source: globes.co.il