Apartment View
Many Real Estate agents and property entrepreneurs maintain this trend must be restricted. Aside from an ethical aspect, life quality of other residents is affected in these apartment buildings where divided-up units lead to over-populated buildings, over-use of the elevator in relation to number of apartments, lack of parking space and decrease of real estate value of other apartments in the building.
This causes decline in sale and market value of apartments in these buildings. This is another reason for the raised voices from residents in this type of apartment building.
Tel Aviv municipality, agents and property entrepreneurs can tell you that the above-described fraudulent dealings are illegal. In practice, when residents complain, the municipal law enforcement department takes action in cases of dividing apartments . If the building is still in the process of being constructed it is simpler to demolish them; buildings that have been in the market for several years are more difficult to deal with.
This causes decline in sale and market value of apartments in these buildings. This is another reason for the raised voices from residents in this type of apartment building.
Tel Aviv municipality, agents and property entrepreneurs can tell you that the above-described fraudulent dealings are illegal. In practice, when residents complain, the municipal law enforcement department takes action in cases of dividing apartments . If the building is still in the process of being constructed it is simpler to demolish them; buildings that have been in the market for several years are more difficult to deal with.
Apartment View
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