The state earns billions from land tenders and puts developers in a tailspin. Heavy financing costs and high interest rate environment put developers in competition for realizing assets.
Land value fluctuations make combination transactions difficult and expose developers to particularly high betterment levies. We checked with Adv. Yael Nathan, partner in the Real Estate, Infrastructure and Project Finance Department at Firon Law Office. For more information, visit the Israel Land Authority's website or go to: http://www.landa.org/.