Haifa is a vibrant, forward-looking developing city. But it was not always so.
Urban renewal projects are a fine way to supply new dwellings and rejuvenate cities, especially the downtown areas.
Savvy investors have already started buying small apartments that are suitable for singles or couples and have begun renovating them in preparation for the demand.
Roni Brik, president of the Israel Builders Association, believes that government policy with regard to the real estate industry is flawed.
Cohen warns that the loss of interest by foreign builders and a sharp decline in overall construction will put Israel at risk of suffering a recession in the real estate industry.
The 471-unit complex is part of a country-wide, national project for the construction of 2,650 social-housing units.
City Hall working with WeWork to introduce legislation approving co-living residents
According to the Jewish Agency, there currently is a waiting list of 27,000 low-income Israeli seniors, half of whom are Holocaust survivors, for subsidized housing.
“I won, but what about all the other people who tried?” MK Biran asks, criticizing Kahlon’s flagship project.
“The nation demands social justice, and this is a step on the way,” 2011 protests icon MK Stav Shaffir said.