Israel has undertaken another attempt to reduce the cost of housing: the Ministry of Construction and Housing Policy has opened a tender for the purchase of land for the construction of two thousand dwelling houses in the town of Rosh Ha-Ayin.
The winner of the auction will be the company that will continue to offer a built houses the cheapest apartments, writes globes.
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.