National planning chief, Binat Schwartz in an interview for Calcalist Magazine: I do not think housing prices will drop in the coming years. ... We need to change the way the design of the planning pyramid in Israel. ... In the coming year I want to hold a mirror to the Israeli government, to show her our situation compared to other countries around the world and to remove Israels planning bubble. ... In this role, Schwartz engaged in determining the housing supply in the market, through the decisions of key questions such as how many units will be built, where, and how long it will take to approve the building plans. Without her word Israel Lands Authority cannot sell land. ... Before being appointed to this role, were planned 25 thousand units per year on average. That number jumped to 65 thousand units per year after she was appointed to this position. ... Schwartz says People want to know if market prices will fall. My answer is yes, I watch prices drop, but not in the next two years. It took years to create the problem, and it will take years to solve it. The decision to halt construction in the central region (a decision the government received in 2008 and abolished in 2010) caused a lot of damage. ... In my opinion, the main problem of the housing market in Israel is administrative. There is not a specific authority of the state which coordinates the housing problem. tinyurl/nbmxv9q
Posted on: Sat, 08 Nov 2014 11:14:58 +0000
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