The next government in Israel will face significant challenges in the housing market, requiring quick and effective solutions. Among the central issues is the problem of land marketing, with a sharp decline this year in the number of lands offered for sale, mainly due to the controversial appointment of the head of the Israel Land Authority. In addition, the lotteries for apartments have failed to reduce prices, and eligible individuals are forced to wait many years to occupy their apartments, leading to economic uncertainty. The excessive planning inventory and lack of proper planning in the periphery present additional problems, as does the need to improve public transportation, which complicates access to workplaces. Local authorities are dealing with rapid population growth without adequate infrastructure, and the situation in the rental market indicates a failure to establish long-term solutions. The next government will need to rethink the existing policy, which has failed to reduce apartment prices, and develop new strategies that meet the changing needs of the population.
Nine Emergency Missions: The Next Government's Agenda in the Housing Market
Source Globes
Want to estimate a property in minutes?
Chat with Yoori's AI to get an estimate and find listings.
Open Yoori