Occupant’s price

In total, winners for projects in the capital came from 119 localities – plus Jerusalemites.

By YAIR ASSAF-SHAPIRA
December 12, 2018 17:23
1 minute read.
Occupant’s price

Occupant’s price. (photo credit: JERUSALEM INSTITUTE FOR POLICY RESEARCH)

 
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The Mehir Lamishtaken (Occupant’s Price) plan is a government residential construction program in which contractors bid for a project, and the lowest bid in terms of the final price for a purchase of an apartment (the price for the occupant – hence the name) wins the project. One of the main goals of this plan is to lower housing prices.

To participate, the potential resident must meet certain conditions (such as not already owning an apartment). After receiving the eligibility certificate, the candidate is registered for the lottery. The lottery is for a specific project, and it is interesting to examine which projects are to be populated by Jerusalemite candidates. The Housing Ministry regularly publishes data on the winners, and since this is a lottery, it can be assumed that the distribution of the winners is similar to the distribution of the registrants.

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