Prime Minister Binyamin Netanyahu 311.
(photo credit: Moshe Milner/GPO)
Prime Minister Binyamin Netanyahu’s program to solve the crisis in the housing
market includes the following initiatives:
• Reform of Land Administration and
planning committees: Removal of barriers to marketing of land and to planning of
• Cheaper land for buying apartments: A 50 percent
discount in price of land for construction of apartments, where contractors
compete to offer lowest prices to buyers.
• Reduced-cost rentals:
Construction of apartments for long-term rental, with 25-100 percent discount on
land for contractors that offer lowest price to renters.
housing: Construction of 10,000 new dormitory units for students.
public transportation for students: Immediate 50 percent rail and bus discount
for university and college students, to encourage them to live outside city
• Municipal tax for empty apartments: Exemptions on municipal
tax for empty apartments will be limited to six months.