This morning, the “plan plus permit” reform was implemented, allowing for the simultaneous approval of urban renewal plans, as part of the alternative to TMA 38, and the corresponding building permits. This significant change is predicted to shorten the construction process by 1-4 years. In November, Minister of the Interior Moshe Arbel signed the regulations […]
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The Construction and Housing Ministry announced today the opening of registration for the sixth discount apartment lottery, which will run until Wednesday, February 7, 2024. Eligibility confirmation can be obtained until January 22, 2024. Approximately 120,000 people registered with the ministry are eligible to participate in the lottery. The 6,816 apartments in 72 projects are spread […]
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The Israel Land Authority recently announced the results of a tender for land in the new neighborhood being constructed in Eilat, named “Shifoli Ha’Ar” due to its location in the mountainous terrain north of the city, adjacent to the Eilat Mountains nature reserve. This is the fifth land tender in this neighborhood within the past […]
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Is a decrease in prices on the horizon? Today’s data from the Central Bureau of Statistics suggests that while demand for new and second-hand apartments continues to steadily decline, the supply side is also at a standstill, with a significant drop in construction starts. In October, the number of apartment transactions fell by 54% compared […]
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Israeli bureaucracy is notorious for causing delays in the issuance of construction permits, particularly in the real estate and urban renewal sectors. This frustration leads developers and contractors on a complex journey to obtain the necessary permits. Despite attempts to address these bureaucratic barriers and increase the housing supply, little has changed. Even recent government […]
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