“The goal is, first and foremost, to stop this madness,” said Golan, a resident of Pardes Hana.
The proposal, parts of which require parliament approval, also includes other measures, such as cutting red tape and building more housing units for rentals.
The shortage is so bad that, at this rate, housing prices in Tel Aviv will reach 100,000 shekels per square meter.
Innovative model focusing on community building is designed to be replicated across the continent and beyond.
The study examined average prices per square meter in addition to the average disposable household income in each country.
All indicators show that the renting market is heating up, as would-be buyers of houses increasingly turn to rentals because they can’t find — and can’t afford — their dream houses.
Returns on real estate for investment include two components: the rise in value of the property and the rent received.
Several 3D-printed homes are being built in the US as communities cope with housing shortages and experiment with options.
During this period, just over 1,400 apartments were offered for sale, compared to 1,500 apartments sold in 2020.
An 8% purchase tax on second apartments intended for investment was signed into law on Tuesday, in an effort to cool down the red-hot housing market.
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