Sunday, October 23, 2011

Housing Ministry to market land for 6,300 apartments

The new tenders bring the amount of land marketed to 26,000 apartments so far this year.

"Increasing the housing supply is the main tool available to us to ease the housing shortage and lower prices," said Minister of Housing and Construction Ariel Atias. The road is still long, and we must end the ten-year housing inventory shortage, but I am pleased that the housing shortage is beginning to ease and that our efforts of many years are bearing fruit."

Most of the new land will be marketed in the periphery, including Beersheva, Dimona, Yeruham in the south, and Kiryat Motzkin in the north. Lots will marketed for 1,700 apartments in Rosh Ha'Ayin and for 42 apartments in Rishon LeZion.