11.08.2011 11.Aw-Elul, 5771
Landowners will sue for loss of value, city predicts.
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….