1, 598 households in Jerusalem
895 Haifa
728 Zfat
645 Natania
643 Beer sheva
562 Tel aviv
Thursday, March 15, 2012
Leumi Mortgage Bank CEO : Home prices won't fall dramatically
In response to the question of what will happen to apartment prices,Shuki
Burshstein does not have a clear-cut answer,"It is extremely difficult to
say what will happen in the future, since on the one hand we are in the
midst of a global crisis that is harming the Israeli economy, and growth has
slowed, but on the other hand, there is natural population growth, and
people have a real need for a place to live. How will this balance out? I
cannot estimate." It has been claimed that there will be fewer housing starts due to
contractors' inability to get easy finance , and that eventually prices will
once again rise.
Burshstein does not have a clear-cut answer,"It is extremely difficult to
say what will happen in the future, since on the one hand we are in the
midst of a global crisis that is harming the Israeli economy, and growth has
slowed, but on the other hand, there is natural population growth, and
people have a real need for a place to live. How will this balance out? I
cannot estimate." It has been claimed that there will be fewer housing starts due to
contractors' inability to get easy finance , and that eventually prices will
once again rise.
Monday, February 27, 2012
Labor chairwoman MK Shelly Yacimovich disclosed a Housing Ministry document
limiting eligibility for purchasing public housing to families with at least
six children.
This measure, she added, benefits constituents of Minister of Housing and
Construction Ariel Atias, a member of the Shas party.
Current eligibility rules for buying public housing are: homeless,
handicapped persons and their families, residents of public housing that
lack handicap access, and new immigrants
limiting eligibility for purchasing public housing to families with at least
six children.
This measure, she added, benefits constituents of Minister of Housing and
Construction Ariel Atias, a member of the Shas party.
Current eligibility rules for buying public housing are: homeless,
handicapped persons and their families, residents of public housing that
lack handicap access, and new immigrants
Wednesday, February 15, 2012
Plans approved for Israel's tallest building:
The plan allows for building a 70-storey skyscraper in Givatayim near Tel Aviv.
Israel's current tallest skyscraper is the 69-storey (84,000-square meter) Moshe Aviv Tower in the Ramat Gan Diamond Exchange adjacent to Tel Aviv.
Israel's current tallest skyscraper is the 69-storey (84,000-square meter) Moshe Aviv Tower in the Ramat Gan Diamond Exchange adjacent to Tel Aviv.
Wednesday, January 11, 2012
Israel's unemployment rate falls to all-time low
Israel's unemployment rate fell to 5% of the civilian labor force in October 2011, an all-time low, the Central Bureau of Statistics reported today.
There has been a steady monthly decline of 0.1-0.2% in the unemployment rate since January, falling from 6.2% in January to 5.6% in May and 5% in October 2011.
The figures are surprising, given that economic activity is declining, including by labor-intensive export-oriented manufacturing. However, the unemployment rate is the economic indicator with the longest time-lag in its response to changes in activity.
There has been a steady monthly decline of 0.1-0.2% in the unemployment rate since January, falling from 6.2% in January to 5.6% in May and 5% in October 2011.
The figures are surprising, given that economic activity is declining, including by labor-intensive export-oriented manufacturing. However, the unemployment rate is the economic indicator with the longest time-lag in its response to changes in activity.
Monday, January 2, 2012
Shekel strengthens after interest rate decision
The Bank of Israel left the interest rate unchanged at 2.75% against analysts' expectations of a fall of 25 basis points. In addition, it cut its 2012 growth forecast to 2.8% from 3.2%, due to unstable global economic conditions resulting from the European debt crisis.
Friday, December 30, 2011
Auditor General Micha Lindenstrauss slammed the Housing Ministry on its conduct in "vacate-and-build" projects.
Atias said, "Even in projects marketed to one developer, there is huge bureaucracy for vacate-and-build. It takes 5-6 years for a project to come into effect. Residents incorporate to find a contract; we don’t decide on the contract, because this is people's property… In the final stage, when the contractor is chosen, the residents want to get more. This is a problem for the contractor. They think that they'll make the fortune of their lives from the project.
Atias further added : "It's hard to execute these projects in the periphery. As a result, the Negev and Galilee get screwed ,it's frustrating to see how the wheels of state don’t work. "Vacate-and-build" is a great idea that doesn’t work for solving the problem of old apartments and building affordable housing".
Atias further added : "It's hard to execute these projects in the periphery. As a result, the Negev and Galilee get screwed ,it's frustrating to see how the wheels of state don’t work. "Vacate-and-build" is a great idea that doesn’t work for solving the problem of old apartments and building affordable housing".
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