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This time it will work? Former Likud Minister's Plan to Resolve the Housing Crisis | Israel today

2022-06-21T12:06:20.411Z


Minister Eli Cohen, who during the Likud government served as Minister of Economy, • Among other things, promises: "The monopoly of the Israel Lands Administration must be broken"


Elections, new government.

A move is already familiar.

The Likud, as always, does not currently have a defined economic platform, but "Real Estate Today" has achieved the government plan that will lead the former Minister of Economy in the Netanyahu government, Eli Cohen, in case the Likud comes to power at the end of the upcoming election campaign. Right on the eve of the announcement of the election. 

MK Eli Cohen (Likud), who managed one of the largest real estate companies in the economy (training the locality) and served as Minister of Economy during the Netanyahu government, claims that he and the best experts prepared a plan to resolve the housing crisis. 

"The housing crisis is like a spreading epidemic that is hurting young couples and the homeless, and we must fight it with all our might," the MK told Real Estate Today.

"This roof is not a luxury, it is a basic product for everyone. To bring housing prices back to sanity one must break the monopoly of the Israel Lands Administration, open the planning market and especially the marketing to competition. It will increase the supply of apartments, make the construction process fast And simpler, will remove barriers and unnecessary bureaucracy and lower real estate prices.

The housing crisis can be resolved, it is not a matter of fate.

Increasing the supply of apartments will accelerate growth in the economy, reduce gaps and provide a horizon for young couples and the homeless. "

MK Cohen refers to the fact that current real estate prices are a ticking time bomb and constitute the biggest social threat since the 1980s.

Currently, more than 700,000 families do not own an apartment, and the rise in housing prices makes it possible for them to buy an apartment - a distant dream.

MK Cohen's program addresses four main issues: the homeless, urban renewal, public housing and rental housing. 

Program highlights: 

Solution for the homeless -

Real estate marketing for developers When at least 50 percent of the apartments will be intended for the homeless, the price per square meter will not exceed NIS 15,000 (including VAT), a grant of up to NIS 150,000 for buyers in the periphery and actual marketing of 100,000 housing units At least for the next 4 years. 

Privatization of Rami's marketing system - a grant of NIS 30,000 per unit for the current to the local authority for a building permit, increasing the discount for real estate for IDF veterans to 50% up to NIS 500,000 (currently stands at 10% - up to NIS 100,000 ), Cancellation of the possibility of receiving relief, additional housing in accordance with the Shebes directive according to the decision of the developer only, discount on the price of the land for projects that will be completed in less than 30 months.

Urban renewal

- 25% of the new construction in the periphery will be in favor of the old housing units, providing an incentive of NIS 50 to the local authority for each housing unit that is added.

Public housing -

Allocation of 5 percent of each project in favor of public housing.


• Raising bonds in public housing companies in favor of increasing inventory.

Housing for rent -

granting permission for the moshavim to place caravans in part for a period of 10 years, limiting the rent to NIS 2,000 per month at most.

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Source: israelhayom

All news articles on 2022-06-21

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