Rehovot Business in Brief

A higher number of train stops in a city increases the value of apartments in the area, according to a study conducted by Ronit Yahav-Sharer of Haifa University's economics department. "These results may be used as an index for feasibility testing of additional investments in train service" said Yahav-Sharer, who was advised by Professor Benjamin Bental. The research examined the number of train stops in Netanya and Rehovot and real estate prices in the area during 1992-2002. According to the model developed by Yahav-Sharer, every train stop in added NIS 2,389 to the value of a Netanya apartment and NIS 2,300 to a Rehovot apartment.

Source: Sharon Kedmi. Business in brief. Haaretz.com (8 Feb 2007) [FullText]