BREAKING NEWS

PM: Gov't responsible for increase in construction starts

Prime Minister Binyamin Netanyahu on Wednesday commented on the data issued by the Central Bureau of Statistics on the increase in residential construction starts, saying, "The trend regarding the increase in construction starts reflects my government's accelerated and successful activity since the beginning of its term." 
Some 75,000 apartments were under construction in the second quarter of 2011, the largest number since 2001, the Central Bureau of Statistics reported on Wednesday. "The steps that have already been taken in the real estate market, and the recently-approved national housing committees law and Israel Land Administration reform, have contributed – and will continue to contribute – to greatly increasing the supply of apartments, and a subsequent decline in housing prices, around the country," Netanyahu stated.
According to the CBS data, there has been a 15% increase in construction starts in the first half of 2011 as compared to the same period last year, including a significant 55% increase in the southern district. 
 
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