"Who said that everyone should own apartments? I am in favor of the alternative: buy where you can and live where you want," Yehuda Ketab, chairman of the Contractors and Builders Association, Tel Aviv and Central District, said on Friday at the organization's 23rd annual conference.
He addressed the matter to the director of the Tax Authority, Eran Yaakov, in a special panel.
A reporter added that "the rental market is a catalyst for reducing the pressure to deal with rising housing prices, and it will also be a welcome cultural change."
Halin wrote that the state offers institutional entities, such as pension funds, benefits in initiating long-term rental projects on terms reserved for them only.
"In the previous year, these entities built only 2,000 housing units for long-term rent. It is impossible to look only at the institutional market and ignore the private one. Encourage us as well," a reporter asked Yaakov.
The chairman of the Contractors' Association wrote, Photo: Tzur Tal
Yaakov replied to the reporter that "it is important for the Treasury to encourage the flow of land to the market, and therefore the Treasury encouraged the institutional bodies that hold the land. The Treasury is interested in encouraging them to bring more land to the market."
Yaakov continued with the matter and mentioned that "in about two years, the period in which companies enjoyed tax benefits on the lands that they do not market will end, and the situation will return to what was customary until 2014."
Regarding urban renewal, Yaakov said that "the Ministry of Finance intends to produce large tools and incentives to promote urban renewal procedures and evacuation of construction. It intends to approve more complexes and more apartments for contractors. A large part of the urban renewal momentum is a result of tax benefits. Of supply and demand should produce supply. "
Tighten supervision and enforcement
The director of the tax authority also stated the intention to tighten the supervision and enforcement of black capital in the construction industry: "This is the responsibility of us all."
Yaakov also said in the matter that "the punishment in the field of black capital in the construction industry must be aggravated, because there are quite a few in the industry."
In the concluding panel of the conference, Elazar Bamberger, head of the Government Authority for Urban Renewal, said: "We are working to obtain a building permit for urban renewal within nine months."
He added that "we have not yet resolved all the barriers to urban renewal. The Arrangements Act now on the table will come to a vote soon, and I hope the changes incorporated in it will give us tools to deal with advancing the industry on all fronts other than local authorities."
By this he probably meant what Minister Ayelet Shaked had hinted at, that a new planning tool would soon be announced.
He added that "complementary land is currently being offered to mayors, and it has not really worked. Now Minister Elkin has obtained half a billion shekels to budget for urban renewal, so that the authorities will receive money instead of land. As a result, each authority will receive 30,000 shekels for each housing unit." ".