End of Church Leases Sparks Real Estate Storm in Jerusalem
Hundreds of families may be forced to sell for a pittance, or even lose everything, due to expiry of leases – or shady deals in which developers extended them but are demanding sky-high fees from residents.
Residents of a stately building in Jerusalem’s Rehavia neighborhood have been advised to sell their apartments cheaply and move out in advance of their eviction. In 18 years the lease on their property will...
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