The election results do not signal a good future for the construction industry.
The country seems to be in chaos again
The political mess will not be resolved so quickly
Photo:
Envato Elements
The future of the construction industry is shrouded in mist in the shadow of the election results.
At the moment, it seems that the State of Israel is once again entering chaos, and may return to a bureaucratic transitional government run by two hostile bodies, headed by Netanyahu and Gantz.
The question that arises is, where is the state and where is the construction industry?
When Netanyahu was asked in an interview about price increases in the past year, the prime minister did not know what to say.
And that what will he answer?
4% increase in housing prices in 2020 at the height of the corona crisis, decrease in construction of housing units, delay in delivery of apartments, dysfunctional management mechanism, no supply of permits for construction of apartments.
The market is drowning.
Want to stay up to date all the time?
Sign up now for the Real Estate Newsletter today
Talk real estate with Ofer Petersburg. Listen to the new podcast >>
It is time for us to start planning moves to get out of the deep housing crisis that has been lying on the State of Israel for years.
The process should include the establishment of a governing body, which will deal with the massive thawing of land for the construction of apartments, bring in a large number of construction workers and prepare a plan for the construction of residential infrastructure for the growing population.
We are entering a whirlpool of uncertainty, state-run chaos.
In the face of the economic crisis created by the corona plague, with a paralyzed and paralyzing government, the construction industry will probably continue to bleed without a leader, without a deliberate rudder.
The election results could lead the industry to a deep stalemate and insane price increases in the coming years.
In collaboration with Eldad Nitzan, chairman of foreign labor corporations in the construction industry
What is stated in the article includes content and commercial / marketing information, and the Israel Today system is not responsible for its reliability.
The publication of the contents and commercial information in the article does not constitute a recommendation or offer by the Israel Today system to purchase and / or use the services or products in the article.