"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.
No comments:
Post a Comment