MKs flood legislature with ‘populist’ Israel real-estate proposals
Posted on 26. Jan, 2010 by buyitinisrael in Israel Real Estate
Some Knesset members are so troubled by rising real estate prices that the legislature has been awash with bills to cool down the market. Over the past six months, MKs have proposed giving free lots to soldiers at the end of their military service, to issue bonds linked to the cost of apartments, to repeal purchase taxes and reinstate grants to people buying apartments in priority regions, and a whole host of other ideas. In most instances, the proposals are not coordinated with plans proposed by Housing and Construction Minister Ariel Atias (Shas), who is pushing to flood the market with land available for residential construction in an effort to drive down prices.
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