The good news: The government has approved grants for buyers of second-hand apartments in the periphery.
The bad news: no budget
This is not how gaps are reduced
Photography:
Envato Elements
Produced by the Department of Special Supplements
The weekend opened with good news: the government unanimously approved the plan of the Minister of Construction and Housing, Yaakov Litzman, to provide grants for the purchase of a second-hand apartment in the periphery.
But there is a big reservation: a grant program on such a scale requires a budget allocation, and as we know it does not yet exist.
Beyond that we got tired.
The Minister of Housing was, retired and returned for reasons that are not really clear.
If there are no surprises, then on March 23 the election will take place.
A housing minister will be replaced again, or not.
The pendulum policy will remain for months to come.
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We were at zero VAT, at a target price, at a price per occupant and now at a reduced price.
The election process will stop everything, and even when a new government is formed, somewhere around April, it will be in June-July and again another year will be burned until the ministry returns to function.
Two years on parsh.
Last week's program widens gaps.
On the positive side, it encourages living in the periphery, but on the negative it makes living in the center more expensive.
Two states for two peoples - the people who have money and the people who do not.
We returned to Second Israel.
According to the plan, a grant of NIS 100,000 will be given to buyers of second-hand apartments in peripheral cities, in order to strengthen the localities that have been recognized as national priority localities included in groups A1 and A2 in the field of construction and housing.
Among the localities: Eilat, Kiryat Shmona, Kfar Manda, Ofakim, Beit She'an, Dimona, Acre, Nahariya, Migdal Haemek, Araba, Carmiel and more.
A grant of NIS 100,000 will be given to anyone who is defined as homeless according to criteria of the Ministry of Construction and Housing, and who has not owned an apartment in the last decade, and the price of the apartment purchased does not exceed NIS 700,000.
It will be emphasized that the grants will be given in respect of an apartment purchase transaction in which the following conditions will be met: The price of the apartment is between NIS 250,000 and NIS 700,000.
The area of the apartment is greater than 40 square meters. The apartment is habitable, within the meaning of this term in the first appendix to the Rent and Lending Law, 1971.
This is not a purchase of an apartment by virtue of the Public Housing (Purchase Rights) Law, 5758-1998. The purchase will not be from a relative. As part of the transaction, all the rights in the apartment were purchased, including future rights. The buyer of the apartment.
Upon receiving the grant, the buyer of the apartment will undertake to own the apartment for a period of at least 5 years.
It should be noted that receiving the grant will not prejudice the purchaser's entitlement to receive a directed mortgage, according to his personal eligibility and in accordance with the rules of the Ministry of Construction and Housing in this matter.
All this is good and beautiful.
The problem is that the Israel Lands Council has already approved raising the prices of plots for construction in the center for contractors in tenders where the winners are the ones with the highest price.
Cheap land and cheap apartments in the periphery, expensive land and luxury prices in the center.
This does not reduce gaps.
Construction starts declining, foreign construction workers are not allowed to be in the country, occupied demand is growing.
And here we come to the formula: high demand versus low supply.
In this suboptimal tone, do not expect a drop in prices.
Produced by the Department of Special Supplements