web analytics
September 23, 2014 / 28 Elul, 5774
At a Glance
News & Views
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



Low Supply Driving Judea and Samaria Housing Prices Sky High

High demand and low supply characterize the housing market in various Judea and Samaria communities, Israel Hayom reported. In the newly built Leshem quarter of the Alei Zahav community, houses which sold for NIS 900,000 ($252,000) two years ago now sell for up to NIS 1.7 million ($477,000). Similar price spikes have been reported in Yakir, Etz Ephraim, Har Bracha, and other communities in Samaria.

In the last decade, the population of Gush Etzion has tripled, surpassing 20,000. The local council chief, Davidi Perl, said that for every Jewish community in Gush Etzion, an average of 15 families were hoping to be accepted as residents. Overall, 300 families are waiting to move into Gush Etzion.

Housing prices in Gush Etzion, meanwhile, over the last five years have skyrocketed by dozens of percentage points. A piece of land in the Gush Etzion community of Tekoa cost just NIS 50,000 ($14,000) only five years ago. Now, the starting price is NIS 350,000 ($98,000). Demand for housing is so high in Gush Etzion that in recent years, some towns there have begun collecting “entry fees” for prospective inhabitants.

Real estate prices have also risen dramatically in Ariel, doubling in the last three years. A four-room apartment that cost NIS 600,000 ($168,000) three years ago sells today for up to NIS 1.2 million ($336,000). A cottage that could have been had for NIS 700,000 ($196,000) then sells today for NIS 1.5 million ($421,000).

“It was only recently that we received construction permits, but we are still far off from meeting the minimum requirements in the city,” Ariel Mayor Eli Shviro said. “The demand is tremendous, but the supply is low.”

Israel recently announced plans for 1,200 new housing units in eastern Jerusalem and Judea and Samaria, a decision that was slammed by the United States due to concern over the fate of Israeli-Palestinian conflict negotiations. Secretary of State John Kerry, who led the efforts to renew negotiations, said Aug. 12 that the U.S. “views all of the settlements as illegitimate.” Those communities, however, are situated in an area that is considered to be subject to the result of Israeli-Palestinian final status negotiations.

About the Author: www.JNS.org is an independent, non-profit business resource and wire service covering Jewish news and Israel news for Jewish media throughout the English-speaking world.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

4 Responses to “Low Supply Driving Judea and Samaria Housing Prices Sky High”

  1. This is because of 2 reasons.
    1. Israel land authority has a monopoly on 93% of the land in Israel and releases very little and at crazy prices.

    2. The gov does not let us built in Yesha.

    ONLY Moshe Feiglin has the solution to both.
    Join Likud and support Moshe.

  2. The liers corupts Obama/ Kerry, "views all the settlements as illegitimate" what a big idiots and corrupts are Netanyahu and his leckayers releasing cruel terrorists murders.

  3. If this Israel land authorities the owner, why this owner doesn't rent this land unstead to sell, in US in many places are authrities land's owners, the bigest is in Miami Beach.

  4. Ali Baba Mustafa Al-Fouere says:

    If you go around Haredi areas where people have 6-12 children, you will quickly come to the conclusion that in another ten years these kids are going to be starting their own families.

    So where are they going to live? Are we going to keep cutting apartments into 2, building on roof tops and turning basements into living spaces?

    Patience, everything will change soon and we will all be getting our 40 Dunams and a Mule! :)

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Yamam Hebron Shootout
Israel SWAT Team Exchanging Fire with Hamas Kidnappers in Hebron [video]
Latest News Stories
Yamam Hebron Shootout

The YAMAM counter terrorist unit killed the 2 terrorists. This is part of that video.

The two were traveling on stolen Israeli passports, and had changed the photos to their own.

The renewed ceasefire talks between Israel and Hamas ended peacefully for the day.

Father Gabriel Naddaf at the UN Human Rights Council

“In the Middle East today, there is one country where Christianity is not only not persecuted, but affectionately granted freedom of expression, freedom of worship and security. It is Israel, the Jewish State. “

ISIS has launched a global campaign to encourage Muslims to murder non-Muslims.

A French citizen is abducted and his life is now threatened by an ISIS group in Algeria.

Dr. Boaz Ganor, co-founder and executive director of the International Institute for Counter-Terrorism at the Interdisciplinary Center (IDC) in Herzliya, Israel, calls Hamas and Hizbullah “hybrid” terrorist organizations.

A travel terror attack was foiled Tuesday on a road near Ashdod thanks to the alert eyes of the Israeli public and police.

Four Arab teens are indicted in connection with Sept. 7 attack on French Hill gas station.

PM Netanyahu has sent out his Rosh HaShana greeting to Jews around the world.

The IDF shot down a Syrian fighter jet that infiltrated Israeli air space, using a Patriot missile.

PA Chairman Abbas sent a message to Israeli PM Netanyahu in advance of the UN General Assembly: “End the occupation. Make peace.”

PM Netanyahu’s unprecedented NIS 2b development plan for southern Israel was approved Tuesday.

A statement issued by the Frenkel, Yifrach and Sha’ar families thanks Israel for ‘justice served.’

Three wounded Syrians were treated Tuesday at Nahariya’s Western Galilee Medical Center.

More Articles from JNS News Service
Logo of the City University of New York (CUNY).

Despite the vote’s difficult timing for observant Jews, a number of pro-Israel groups also turned out to support CUNY students and faculty who opposed the resolution.

“He was part hippie, part yippie, part beatnik, and part New Age,” – Elli Wohlgelernter in a Jerusalem Post eulogy in 1994.

Group behind offensive flyers, Students for Justice in Palestine, has already been suspended by several universities

Yet another incident of Palestinian Authority officials co-opting history and misrepresenting Jesus as a Palestinian.

A report in the Asharq Al-Awsat newspaper, citing sources in Lebanon, said Hezbollah is facing increasing financial pressure over austerity measures by the Iranian government since President Hassan Rouhani took office last summer, as well as strain over the terror group’s involvement in the Syrian civil war. Additionally, the report said Hezbollah is facing financial […]

If Israel sends a spacecraft to the moon, will BDS call the lunar surface “occupied territory”?

There is nothing like a war of anti-Semites against anti-Semites to encourage Aliyah. Ukrainian Jewish immigration to Israel has risen 70 percent in 2014 amid the recent political upheaval in that country. According to the Jewish Agency for Israel, 375 new immigrants from Ukraine arrived in the first three months of 2014, compared with 221 […]

Printed from: http://www.jewishpress.com/news/breaking-news/low-supply-driving-judea-and-samaria-housing-prices-sky-high/2013/08/17/

Scan this QR code to visit this page online: