Commercial Real estate Prices Scale in Tel Aviv region

Tel Aviv region

The business of Real estate prices in Tel Aviv improve 71% between year’s of 2000 and 2011 after adjusting for price rises, while rises elsewhere were much lower prices and there were even some decreases. According to statements by the IDC Herzliya's Gazit Globe Real Estate Institute, a major reason was a lack of latest homes planned for the Tel Aviv region comparative to the population.

Residential planning is very slim in the center of the country in percentage conditions compared to the outskirts, and this forces prices up in the center," says Tolko sky. "So when you need to talk about solving tall housing prices, you mainly require addressing the home price increases in the center of the country - unless Israel wants high prices in the center as a method to push people into the periphery."

Commercial and office space, researchers says the latter properties pay civic tax rates five times the residential rate. The cost of a square meter of commercial real estate didn't modify between 2000 and 2011. But commercial real estate at the present sells for 50% the price of residential real estate in the center. The transfer stems from the surplus of commercial real estate, which the local authorities authorize via their position as planning authorities.