The Israel Land Administration published, last week, the results of the tenders for land zoned for the construction of 2,000 apartments in Beit Shemesh.
Most of the winners of the tenders are contractors who focus on residential building for the ultra orthodox population in Jerusalem, Maaleh Adumim, Modiin, and Beit Shemesh, as well as Charedi non-profit organizations.The winners paid more than NIS 120 million altogether for the tenders. They will also pay NIS 160 million in development costs.
Monday, February 15, 2010
Friday, February 5, 2010
Consumer confidence rises
The rise in January follows two months of falling figures.
The Israel Consumer Confidence Index rose by three points in January 2010 after falling 1.1 points in December 2009 and 4.3 points in November.
Macroeconomic figures published during January point to economic expansion.The positive figures reinforce consumers' feeling that the economy is on the rebound.
The Israel Consumer Confidence Index rose by three points in January 2010 after falling 1.1 points in December 2009 and 4.3 points in November.
Macroeconomic figures published during January point to economic expansion.The positive figures reinforce consumers' feeling that the economy is on the rebound.
Thursday, February 4, 2010
Israeli Prime Minister to Cut bureaucracy, corruption in building sector
"There are young couples who are now stuck, and there are people packed in the narrow strip of Hadera, Gedera, and Jerusalem at astronomical apartment prices. These are the land prices because there is no land. As a result, more and more young couples are living with their parents. Israelis consider an apartment as a lofty dream for which they must mortgage their lives in order to achieve. We're taking steps to change that" said Prime Minister Benjamin Netanyahu.
In other words, prices are set by market forces(the theory of demand and supply) but at least these proposed reforms will ensure that many prospective buyers will consider enlarging their homes rather than selling and buying bigger ones, hopefully these measures will then stabilize prices somehow.
The reform, beginning with the new planning and building law, aims at improving the transparency and accessibility of all planning and building applications, as well as setting deadlines for the granting of permits and aims to shorten and simplify planning and building licensing procedures, while improving the quality of construction.
Netanyahu said that Israel was in first place on the number of computers per household, but 120th in time needed to obtain a building permit!.
"End the system of planning and building commissions' meeting behind closed doors. Everything will be displayed on the Internet. We want transparency. We'll set up a special Police unit to fight corruption in planning and building." He added.
In other words, prices are set by market forces(the theory of demand and supply) but at least these proposed reforms will ensure that many prospective buyers will consider enlarging their homes rather than selling and buying bigger ones, hopefully these measures will then stabilize prices somehow.
The reform, beginning with the new planning and building law, aims at improving the transparency and accessibility of all planning and building applications, as well as setting deadlines for the granting of permits and aims to shorten and simplify planning and building licensing procedures, while improving the quality of construction.
Netanyahu said that Israel was in first place on the number of computers per household, but 120th in time needed to obtain a building permit!.
"End the system of planning and building commissions' meeting behind closed doors. Everything will be displayed on the Internet. We want transparency. We'll set up a special Police unit to fight corruption in planning and building." He added.
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