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Minister Elkin: "It is clear that selling apartments at a discount will not lower prices" - Walla! Real Estate

2022-04-04T17:01:39.628Z


Minister of Construction and Housing at the Real Estate Center Summit Summit: "I am against illusions, the percentage increase in housing prices did not surprise me"


Minister Elkin: "It is clear that selling apartments at a discount will not lower prices"

Minister of Construction and Housing at the Real Estate Center Summit's Urban Renewal Conference: "I am against illusions, the percentage increase in apartment prices did not surprise me." Minister Shaked: "Hopefully we will be able to bring in at least 10,000 Chinese workers."

Walla!

Real Estate

04/04/2022

Monday, 04 April 2022, 16:41

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"I am against illusions. It is clear that selling apartments at a discount will not lower prices. In practice, there will be a cheaper amount of apartments here. The reason we do this is because the housing market takes time to respond to our moves. Time to wait all these years. Therefore, in parallel with the move to increase supply, which is the key solution for the long term, we, while giving up state revenues, allow young couples to purchase an apartment. By the end of the year, we will grill about 30,000 housing units "We will do that. If they increase the state's land in favor of discounted apartments, then in 2022 and 2023 there will be even more grilled apartments than the current 30,000."



These are the words of Minister of Construction and Housing Zeev Elkin today (Monday) at the Real Estate Center Summit Summit, moderated by Danny Kushmero,

In the end, it will help tens of thousands of young couples to buy an apartment at possible prices. "

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To the full article

The rise in prices is not surprising (Photo: Reuven Castro)

Regarding the 13% rise in apartment prices over the past year and the work the Ministry of Housing is doing on it, Elkin noted: "I prefer less to talk and more to do. These percentages did not surprise me. I saw them the day I took office. It was at the end a question of supply and demand. "For two years, during this time and the government did not invest in construction-supporting infrastructure, so the mayors naturally said they would not let it market. The year 2020 ended with only 50,000 marketers, so it is no wonder that prices have gone up."



Elkin noted that "in 2021, even though we only had half a year to operate, we managed to finish with 100,000 marketing is an imaginary number. When I talked about a target of 50-60 thousand they laughed at me, and today we reached 100,000 marketing and we are not going to slow down. In 2021, there were 60,000 more transactions than twice as many as in 2020. Even at the beginning of construction, we set a record. This is the reality. "We will build as soon as possible and for this we need to reform industrialization in Israeli construction, we need to promote, among other things, the issue of urban renewal, which can also contribute to this struggle. This year we will reach a similar amount of marketing.

Acts, not speech.

Minister Elkin (Photo: Shai Shabiru)

Interior Minister Ayelet Shaked referred to NPA 38: "In my opinion, the NPA will be extended tomorrow. Our goal is to use the Shaked alternative for NPA 38, the legislation will be passed in May in the Knesset, during June we will finish the taxation and regulations work and hopefully tomorrow the council will "TMA 38 and such, for a year the developers will be able to choose which route they prefer, but it will only be extended to one year."



Kushmero asked Shaked about the long time it takes to get building permits.

Shaked said that "I adore the developers and contractors who deal with it, it's just awful" and added that "the heads of the planning committees change this year, there is a new committee in front of a district in Tel Aviv, in the coming weeks elected in the center and in Jerusalem, I increase the number of district committees We also start a pilot of privatizing licensing institutes, we saw that it works very well in Miami. Although you pay another 2000 dollars, but you get a much faster and better service. We move to self-licensing and do what we can to ease the bureaucracy. To see results in them. "

TMA for another year. Minister Shaked at the conference (Photo: Shai Shabiru)

Shaked called on entrepreneurs to carry out urban renewal in the periphery.

She said, "You can also earn in the periphery, albeit less, but you earn and do Zionism. The mayors will cooperate and give everything they need and we will help where needed."



Kushmero asked Shaked about the recent weeks that have been saturated with terrorist attacks and what her position has been on criticism that the government can not act due to its composition.

Shaked said that "this is a complete lie because there is no activity or action that you want and can not do. Arab Knesset members and Arab mayors are pushing the police - go out and collect the illegal weapons from the houses. We do everything necessary and do everything necessary."

Shaked added at the end of her remarks that "we are working to bring in Chinese construction workers and we are in talks. We have already closed on a thousand and negotiations on ten thousand.

We hope to bring in at least 10,000 Chinese workers. "

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  • Ayelet Shaked

Source: walla

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