Faster, Higher, Stronger

Israel is not the only place with urban renewal projects, says Professor Rachelle Alterman, Senior Researcher at the Samuel Neaman Institute for National Policy Research.
However, she emphasizes, there are not many countries where the law enables condominium owners to decide to demolish and rebuilt by means of a reduced majority.
This is important to overcome “holdout” apartment owners. This rule is crucial in Israel, unlike some other countries, because most of our buildings are in condominium tenure.
This makes the decision-making process more complicated.