Dun & Bradstreet: Israeli Building Management Fees to Rise 8%-12% This Year

Fees at prestigious residential high-rises are about 400% higher than at standard buildings.

Israel's building management and maintenance industry generates turnover of about NIS 2 billion a year and is expected to grow between 4% and 5% annually, according to Dun & Bradstreet. The financial information company sees management fees rising 8% to 12% this year because of higher electricity and water prices, greater manpower costs and higher VAT.