The worsening economic crisis and the increase in the number of job seekers, especially among young people aged 25-35, have encouraged MK Ya'acov Margi's Economic Committee to discuss the matter.
The coronavirus crisis has an overlooked effect on the building industry as well, which the Housing Ministry intends to solve.
“In terms of sales and purchases, Israel’s property market has been stagnant for quite some time now. It has not changed much since the COVID-19 outbreak.”
An increase in the volume of mortgages taken up by the public in recent months is a clear sign that the housing market is waking from its slumber
Re-purposing sections of IDF bases in central Israel has been touted as a solution for the ongoing issue of housing shortages in the area.
According to the Central Bureau of Statistics, the number of housing starts in 2013 was 47,859.
In 1989, some 75% of the population owned the property in which they lived. Today, the number has fallen to 65%.
Second lone soldier home opened by the family of IDF soldier Sgt. Almog Shiloni killed in a terror attack in 2014
Such projects do not encompass services for the residents of the neighborhood, and don’t always include parking for all the people in the building. So what has NMP38 contributed to Jerusalem to date.
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