Wednesday, March 23, 2011

Israel's skyscrapers are dwarfs

The global real estate industry is reaching for the sky, and new figures state that 2010 broke new records for skyscrapers,4 skyscrapers over 400 meters high were completed in 2010 worldwide, taking the first, fourth, seventh, and ninth places as the world's tallest buildings. There are now 12 skyscrapers over 400 meters high in the world.

Israel has only one building that qualifies as a skyscraper (over 200 meters high) - the Moshe Aviv Tower in Ramat Gan, which was completed in 2000. Despite all the construction going on, and the highly publicized tower, Israel is not taking its place in the world of skyscrapers.The ostensibly tall towers that we see in Israel are dwarfs compared with the skyscrapers under construction in the world today.Israel has the know-how to build skyscrapers , however, few developers want to build skyscrapers in Israel. The problem is that a developer who wants to build a skyscraper faces opposition from the Israel Airports Authority and other statutory bodies, which strangle such initiatives. Israeli citizens will therefore continue to look enviously at skyscraper construction around the world, in ostensibly Third World countries, and will only be left with the option of visiting these skyscrapers as tourists.Since skyscrapers are an excellent solution to a shortage of land( which is growing worse in Israel), they ought to be rising here,but...Israel's real estate market cannot cope with skyscrapers. First, the higher a building the higher the management and maintenance costs, rendering such buildings unsuitable for residences for most of the population,only the very welthy can afford it.Secondly, tall buildings are more suited to new neighborhoods where residents are less worried about saving their vistas, removing the problem of mass objections against the construction of high-rises in older neighborhoods.

Tuesday, March 15, 2011

Netanyahu looks to drastic housing measures

"We are raising entire generations who live with their parents. What's next? To
live with grandma and grandpa?"
Prime Minister Benjamin Netanyahu will submit to the cabinet a new plan aimed at dealing with the housing shortage. The plan includes the construction of thousands of housing units nationwide over the next 18 months.

Netanyahu said"I have no illusions,there will be objections...". Netanyahu added, "We must take drastic action. I am determined to undertake this reform. We don’t have years. I am sick of waiting. We won't wait any more!"

Under Netanyahu's plan, national housing commissions will be established to bypass the bureaucracy of local and regional planning and building commissions, and will concentrate all decisions as a one-stop-shop.

The new commissions will be set up for 18-month periods. They are intended to deal with the housing shortage, which currently stands at 100,000 apartments. The reform was formulated together with Minister of Finance Yuval Steinitz and Minister of Housing and Construction Ariel Atias. It will apply only to apartments in the housing starts market above a certain height , which has not yet been decided . it will apply nationwide also including high demand areas.

"We must close the gaps," declared Netanyahu. "A combination of reforms at the Israel Land Administration and a road bypassing the planning commissions is the only way to deal with the housing shortage."