MAMAD will become larger: how much apartment prices in Israel will rise
In Israel, the approach to designing protected rooms in residential buildings is gradually changing. After the adoption of Amendment No. 163 to the Planning and Construction Law, developers received the opportunity to increase the area…
Assessment
Israel's new building regulation allowing larger safe rooms with bathrooms and kitchenettes will raise apartment prices. Developers face higher construction costs from the expanded floor plans and added plumbing. Buyers should expect price increases on new projects, though the trade off is more livable shelter during extended rocket attacks. Watch how quickly builders adopt the option and whether banks adjust mortgage calculations.