Over the past nine months, the Ministry of Housing and Construction and the
Israel Land Administration (ILA) have run an aggressive media campaign to
flood the market with land zoned for thousands of new apartments in order to
lower housing prices. However, words are one thing; deeds are another.
The plan called to release land so that around 70,000 units would be built in order
to comply with the heavy demand (specially in the center of the country)
An investigation by a leading financial newspaper in Israel found that no
tenders were ever published for land for hundreds of apartments. Neither the
Israel land Authority nor the Ministry of Housing published the tenders, or
they published tenders for only a very small fraction of the promised homes.
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