Buyers Win Supreme Court Case Against Developer Over Delayed Apartments
Over 200 "Price for Resident" apartment buyers have won a legal battle against "Yuvalim Price for Resident Ltd." after the Supreme Court rejected the company's appeal, upholding a 9 million shekel compensation order for delayed deliveries. The District Court had previously ruled in favor of the buyers in May 2025, rejecting the developer's claims of uncontrollable circumstances. Despite the Supreme Court's decision in November 2026, the buyers report that the full compensation has not yet been paid, and collection efforts are ongoing.
הידיעה ב-5 שורות · תקציר של baba
- Over 200 buyers won a legal battle against "Yuvalim Price for Resident Ltd." for delayed apartment deliveries.
- The Supreme Court upheld a compensation ruling of approximately 9 million shekels for the buyers.
- The company's appeal against the District Court's ruling was dismissed by the Supreme Court.
- Buyers claim they have not yet received the full compensation awarded by the courts.
- The company cited COVID-19, military operations, and weather as reasons for the delays.
More than 200 buyers of apartments under the "Price for Resident" program have won a protracted legal battle against "Yuvalim Price for Resident Ltd." over delayed apartment deliveries. The Supreme Court rejected the contractor's appeal, upholding a compensation ruling of approximately 9 million shekels. However, the buyers claim they have not yet received the full amount awarded.
The case originated from two consolidated lawsuits filed by 210 buyers who experienced delays ranging from several months to over a year in receiving their homes. The buyers sought compensation under the Sales Law (Apartments), which mandates payments based on fair market rental value for delays. The company argued that the delays were caused by circumstances beyond its control, including the COVID-19 pandemic, military operations, and severe weather.
In May 2025, the District Court in Nof HaGalil-Nazareth rejected the company's claims, ruling that it failed to prove the circumstances directly caused the delays and warranted exemption from compensation. The court ordered the company to pay approximately 9 million shekels in compensation for the delays, plus about 636,000 shekels for legal expenses and attorney fees. The court did, however, dismiss claims for additional compensation for emotional distress and personal liability against one of the company's owners, Yoram Cohen.
The company then appealed to the Supreme Court. During a hearing in November 2026, the justices recommended that the company withdraw its appeal, which it did. The Supreme Court subsequently dismissed the appeal and ordered the company to pay an additional 25,000 shekels in legal costs to the respondents. The buyers are now focused on the ongoing collection proceedings, as they state the full compensation has not yet been transferred.
מוזכרים