Yankee Quint, CEO of the Israel Land Authority/Photo Marcelo
At the beginning of the second day of the real estate appraiser's conference, which was held these days in Eilat under the title 'From war to improvement', Rami CEO Yankee Quint was asked about the price index and the jump in apartment prices and the shortage of foreign workers and he replied that, "We see the data of the chief economist on An increase in the supply of non-addicted apartments I think this reflects the situation better than the CBS data.
There is a change in the trend, I don't think the problem is in the supply of land."
"The cost of the work is negligible, but the financing derived from the continuation of construction affects the price." He further added, "If there was any hesitation after October 7th, you see in the tenders that there is a return to normality.
We are continuing the marketing, as soon as the problem of employees is solved, the prices will drop," Quint noted.
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Quint pointed out that this is seen as good news for people returning to purchase.
The recovery is observed in several parameters in the economy - credit data, apartment purchases and contractors entering tenders.
If the approach was on October 8, when the sky fell and contractors contacted us and said that we would not pay the price for the purchases in the tenders, then today contractors approach winners and intend to build, and this is good news.
Quint also referred to the cooperation with the mayors and noted that there is not always an overlap between the strategic need of the State of Israel to increase the housing supply and the local tactical desires of the heads of the authorities.
The absolute majority of cases have an agreement with the heads of the authorities.
On the margins there are conflicts that are resolved.
We sign umbrella agreements, and as a party to the agreement, the state also stands up for itself and the agreements must be respected, it also demands this from the heads of authorities who are political players and the familiar contractual conduct is not always familiar to them."
When asked about the price for a tenant, many winners receive the benefit but construction is delayed while receiving forms The 4 who are delayed, what is Rami's part in the matter.
Quint pointed out that our part is to market the land, construction processes in the State of Israel are long, tedious and bureaucratic.
We are trying to reduce the procedures to solve these problems.
Tesla on the way to wrap?
Quint referred to the offer of a 90% discount on land for reservists, saying that "a 90% discount is possible but it is a kind of average. RMI markets land in areas of national priority and on the conflict line.
In the conflict line, the payoff is 0. The more you move or move away from the borders, the land values increase.
The offer we offered comes in favor of a significant discount for the reservists.
But in the end, it produces some kind of scale with national lines, and if you want to make sure that the population reaches Tulata and not Afula, then you have to produce a scale of national lines, and the incentive we know how to work with is land prices, and we are in favor of this move."
In relation to the rehabilitation of the surrounding area, Yanki noted that "we The leaders of the strategic plan for the Gaza Strip are trying very hard to create an economic incentive for the authorities in the area as well: Sderot, Ofakim, Netivot, and Ashkelon and not only for the kibbutzim located there.
We passed a decision very close to October 7 that benefited the kibbutzim in the area.
The problem in the north, the problem is more difficult and you have to focus there because there is a lot of difficulty in the north.
In the last 7 years we have marketed over 30 thousand housing units in Netivot, Ofakim and Sderot and over 25 thousand apartment units in Ashkelon in almost 60 thousand housing units, I don't think there is an area that is like the residential barn of the State of Israel.
We have more plans for tens of thousands more housing units. I have no doubt that this area will flourish and prosper. This will be a winning answer to what happened on October 7th.
The Israeli government must do everything to restore the north and we will be happy to take part in the solution.
In conclusion, Yanki referred to the dream of buying an apartment that is getting further and further away from the young couples and advised them to buy an apartment in the Gaza Envelope: in Sderot, Netivot, Ofakim and Ashkelon.
"These are cities that are developing, and the government is very focused on the development of this region of the country. There are all kinds of ideas being developed to turn it into an agricultural research center, if Intel moved to Kiryat Gat, then maybe we should bring Tesla to the area surrounding Gaza. I have no doubt that prices will rise and the area will become very successful Quint concluded.
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