The cabinet will authorize a ministerial committee to deal with the national housing commissions law, Prime Minister Binyamin Netanyahu said at the weekly meeting on Sunday.
"Prices are rising because there is a shortage of apartments in the state of Israel," Netanyahu said. "Young couples, discharged soldiers and students feel that their dream of purchasing an apartment is moving further away due to rising prices."
"There is no supply of apartments because not enough apartments are being planned, and not enough are being marketed," he explained.
The prime minister said that the legislative process for completing a reform for apartment planning "will take at least a year or two." Therefore, "we would like to bypass the bureaucracy for one-and-a-half years with the housing commissions law, which will be submitted to the cabinet today."
"We would like to bring approximately 10,000 apartments per annum. We have a shortfall of 80,000-100,000 apartments."
The housing problem will be solved "if we have both rapid planning and quick marketing," Netanyahu said.