Real Estate Terrorism: This is how the attacks create damage to the industry

The current wave of terrorism is having consequences for the lives of all residents of the State of Israel.

The fact that the security forces are closing the seam line and the closure policy on Judea and Samaria and the Gaza Strip from time to time creates damages in the tens of dictionaries for the real estate industry and consequently future delays in the delivery of apartments

Nir Shmol, guest column

10/05/2022

Tuesday, 10 May 2022, 08:02

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In recent months we have witnessed a particularly brutal wave of terrorism.

Israelis who were murdered for no wrongdoing by unjust terrorists.

As a result, the Israeli defense establishment is making great efforts to close the seam line to prevent the passage of terrorists into Israeli territory.

It is important to understand that in recent decades, despite the construction of the separation fence between Israel and Judea and Samaria, built at the height of the second intifada in light of the urgent need to stop terrorists, the Israeli government and defense "turned a blind eye" to political and economic considerations. Illegal stayers every day to work in Israel.

The prevailing belief in the Israeli political and security system was that this phenomenon, which everyone knew, served a clear Israeli interest - quiet in Judea and Samaria due to the work of those workers, mainly in the real estate industry in Israel. Background checks that do not deal with terrorism, it is estimated that the number of assets through breaches increased 2-1.5 times the number of permits of workers who were approved to work in Israel. Rabbi at the Israeli army checkpoints and preferred to shorten times and get out quickly through the breaches of the fence to work.

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Gaps in the separation fence.

The state preferred to turn a blind eye (Photo: official website, Amir Bohbot)

The political interest was also clear - the right preferred not to have a fence that would mark a border line that would make it difficult for Israel to operate in international arenas in the future for fear of recognizing a Palestinian state as a border line, while the left believed that breaches in the fence strong.

• Construction industry workers

  - Most of the workers from the Palestinian Authority legally and illegally work in the real estate industry in Israel in all types of construction work and according to data collected by the Builders of the Land Contractors Association, about 65,000 workers work legally in the real estate industry and pass daily The territories of the Israel Authority for work and return in the afternoon to the territories of the Authority.

  The various estimates of various bodies in Israel that examined the phenomenon estimate that the number of workers who actually come to Israel illegally every day through breaches in the fence reaches another 100-75 thousand workers, most of whom come to work in the real estate industry (they also work in agriculture but the number of workers in the industry It is smaller) and are absorbed in it illegally and receive their "black" salary without a pay slip, when the state as stated turns a blind eye to this illegal phenomenon again from the considerations written at the outset.

• Workers coming from Gaza

  - The decision made in recent months by the government due to constant pressure from the army was to bring workers from Gaza to work in Israel as stated mainly in the construction industry after many years of closure in the Gaza Strip since the regime changed and Hamas came to power in Gaza the South.

  In the past, tens of thousands of Palestinian workers would come to work in Israel in the construction industry and according to conversations with past contractors I spoke to recently, who had previously worked with the workers from Gaza, these were the most skilled workers and they were mainly engaged in "wet" work and apartment finishing.

  In other words, they skillfully performed flooring, painting, plumbing, electrical, plaster and more work, at a level of quality that is higher than both the foreign workers and the workers who came to work from the Palestinian Authority territories in Judea and Samaria.

• Security deployment at the seam line

  - In light of the work that terrorism has raised its head in recent months, the Israeli government and the defense establishment have had to re-examine the issue of loopholes and despite the political and economic considerations that previously "left" open loopholes and turn a blind eye.

  Due to public pressure for security in Israeli cities, which have experienced a brutal wave of terrorism in recent months, the army is currently working to close loopholes and until then many regular companies and currently reserve companies are stationed at the seam line to secure the border line and prevent illegal residents from entering Israel. Fence in areas where it has been breached in recent years.

The workers do not arrive and construction stops (the project being photographed has nothing to do with the article) (Photo: Reuven Castro)

Illegal stay in the construction industry

- closure policy both during the holidays and in cases of severe terrorism from certain areas or even the option of collective punishment (which the army incidentally opposes but sometimes due to public pressure the government makes such a decision) on both Judea and Samaria and the Gaza Strip Zero workers who come to work in Israel.

This is out of an estimated amount of 200,000-150,000 workers who came to Israel every day and worked in the real estate industry (illegal and illegal residents).

Ukraine Israel is currently trying to import about 20,000 workers from India and other countries to bring them to work in Israel, regardless of the great dependence on Palestinian workers.

In the absence of solutions on the horizon, I estimate that the estimated damage to the real estate industry is estimated at tens of millions of shekels and many months late in the delivery of ready-made apartments. The amount of permits for workers from the PA's territories in Judea and Samaria and Gaza, the real estate industry in Israel, which already suffers from incessant price increases and is limited in the face of population growth and investor demand, will suffer from another critical problem.

Nir Shmol (Photo: Tomer Feder)

We are not in the 90th minute, but deep in extra time.

Delay in the delivery of apartments is irreversible damage to both contractors and apartment buyers who will have to pay both mortgages and rents over a long period of time when the apartment is not yet ready.

The damage is currently estimated at tens of shekels and could reach billions of shekels in ongoing damage, which endangers the stability of the real estate industry and the banking system in Israel. The

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