The winner of the auction will be the company that will continue to offer a built houses the cheapest apartments, writes globes.
The sale of this plot has been previously suspended, and four months ago, officials have eliminated the difficulties encountered. In total, this area is planned to build 14,000 homes. In 2011, the government plans to hold a second tender for land to build on the site.
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Israeli authorities during the 2010 attempt to reduce housing prices, which over the year grew by nearly 20% due to the lack of facilities and low mortgage rates. Thus, the Statewide Office of Israel actively offering lots for construction. This, according to experts, can increase the volume of construction started from the current 35-40 thousand units per year to 40-45 thousand in 2011-2012. However, even this growth, experts say, do not fully satisfy the demand in the market.