Jewish-American businessman and real estate tycoon Gary Barnett purchased the land from Nayot Komemiyut for NIS 750 million, almost five times the price that was paid in 2016 to the Greek Orthodox Church. KKL-JNF is currently leasing the land, but this is only until 2051, leading to growing concern among the residents for their future....

A new government was launched last week, in which all the key positions in the housing sector were appointed to ultra-Orthodox or right-wing nationalist representatives. The first published coalition agreement between the Likud and Torah Judaism includes a series of clauses that benefits the ultra-Orthodox population and that may delay the construction of the Gush...

As rental prices continue to rise at a rapid rate, the Municipality of Tel Aviv has formulated a new housing policy that requires every developer to allot a number of apartments for discounted long-term rentals. In nearby Givatayim, a plan for a 64-story tower containing apartments that will all be rented has been approved, and...

Although the Israeli housing issue is the most severe economic crisis of the past 15 years, it does not occupy a central place in the discourse taking place ahead of the elections for the 25th Knesset. However, a careful examination of the parties’ platforms shows that most of them are offering solutions to the crisis,...

As part of the plan approved last week, 39,000 new apartments will be built in Modi’in, a new mixed-use business district will be built in the northwestern part of the city, a hospital and an academic institution will be established, and 22,000 dunams within the municipal boundaries of the city will be preserved as green...

Residents of an apartment building in Ramat Gan were required to evacuate their apartments quickly and lost most of their property. The event once again shone a spotlight on the failures of the state and municipalities on the issue. A report by the State Comptroller found that to date, only 7% of all apartments built...

The long-term rental market began to develop over the past decade through a new state-owned company, through real estate investment trusts (REITs), and through tax benefits and incentives for developers. But so far, a systematized long-term rental market is operating on a very small scale and will not help solve the crisis of rising rent...

Policies that were on the verge of approval will be frozen, including the move not to link new apartment prices to the Construction Cost Index as well as increased tax benefits for first-time home-buyers. Those that already passed, however, such as the “Apartment at a Discount” campaign, will continue as usual. Buyitinisrael presents a summary...

As home prices continue to rise in Israel, the government have increased the maximum discount for those buying subsidized apartments from NIS 300,000 to half a million shekels in relation to the market price. In addition, the percentage of discounted apartments to be built on State Land will rise from 60% to 80% of the...

As Israel’s population is expected to grow significantly in the coming decades, a new plan has been approved by the government which will increase the level of crowding in metropolitan cities, considered sparsely populated compared to other Western cities. Increasing a city’s density enables more efficient use of land, strengthens urban commerce, encourages the use...