Land reform on the horizon The news over the past two weeks or so has been dominated by protests in the streets about the high cost of housing in Israel. Protestors have set up tents throughout the country which seem to be getting the government’s attention. Netanyahu has promised immediate and sweeping action with reform to both the Israel Land Administration as well as the local Planning & Building Committees. The Prime Minister went so far as to refer to the ILA as a government monopoly. The reforms that Netanyahu is proposing also include provisions for “affordable rental housing” for students as well as the middle class in Israel. All of these changes when implemented certainly will help the situation in Israel, but it will take a few years for the marketplace to start feeling the effects of the reform. In the meantime, count on business as usual, which means hefty prices for real estate in Israel, whether you be a citizen or a foreigner.Lyle Plocher is the Director of Buy Property In Israel and can be reached by email at lyle@buypropertyinisrael.com.
Foreigner's guide to property market: Who owns the land?
The state's ownership of 93% of the land is coming under increasing scrutiny as the population increases and real estate prices keep going up.
Land reform on the horizon The news over the past two weeks or so has been dominated by protests in the streets about the high cost of housing in Israel. Protestors have set up tents throughout the country which seem to be getting the government’s attention. Netanyahu has promised immediate and sweeping action with reform to both the Israel Land Administration as well as the local Planning & Building Committees. The Prime Minister went so far as to refer to the ILA as a government monopoly. The reforms that Netanyahu is proposing also include provisions for “affordable rental housing” for students as well as the middle class in Israel. All of these changes when implemented certainly will help the situation in Israel, but it will take a few years for the marketplace to start feeling the effects of the reform. In the meantime, count on business as usual, which means hefty prices for real estate in Israel, whether you be a citizen or a foreigner.Lyle Plocher is the Director of Buy Property In Israel and can be reached by email at lyle@buypropertyinisrael.com.