For One Day Only: $1=$4, Thanks to Matching from BIG Donors
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.
If you don't see your comment after publishing it, refresh the page.
Comments are closed.
Iran’s Expediency Council head says Israel, an “alien presence” will be “wiped off the map” some day.
Palestinian Authority police arrested 170 Hamas terrorists in a sting across Judea and Samaria.
Hollywood producer Branko Lustig says he will gift his Oscar for ‘Schindler’s List’ to Yad Vashem after his death.
The Temple Mount is closed to Jews and others for the next 10 days for Islamic observances.
Iran expert predicts there will be no signed deal because Iran already feels it can get all it wants without one.
Russian FM Lavrov met in Vienna with Iran’s Zarif in an unsuccessful bid to break a deadlock in nuclear talks.
When it comes down to it, it’s really about the milk. Minister Ariel just cut the price by nearly 5 percent.
Israeli leaders and families of fallen IDF soldiers gather to mark one year since Operation Protective Edge in Gaza.
Tel Aviv has closed a deal to build its Light Rail with a Chinese firm that is doing business with Iran.
F.A.O. Schwarz is closing its iconic flagship store on NYC’s Fifth Avenue due to rising rent prices.
Some Chareidi Jews wore sackcloth (and probably ashes) yesterday, while praying at the Kotel on the 17th of Tammuz, a fast day.
The Shin Bet arrested six Negev Bedouin as budding members of a new ISIS terror cell.
The EU is warned that terrorists infiltrating among migrants via the Mediterranean Sea.
The course was cancelled because of lack of interest.
All you need is a few days vacation and a few thousand dollars to show the Israeli flag at the big game.
U.S. Joint Chiefs of Staff Chairman Gen. Martin Dempsey arrived in Israel on Monday as the official guest of his counterpart, Israel Defense Forces Chief of Staff Lt.-Gen. Gadi Eizenkot. The two military leaders will meet, along with Defense Minister Moshe Ya’alon and other Israeli security officials, to discuss bilateral military cooperation and other common […]
The 2,600-year-old site lies just 10 miles from the regional frontline of Islamic State.
President Barack Obama on Tuesday awarded two posthumous Medals of Honor to Jewish and black World War I veterans who likely did not receive the awards due to discrimination at the time. The medals were given to Jewish Army Sergeant William Shemin and black Army Private Henry Williams. “No one who serves our country should […]
Final steps are underway for building the City of David’s “Kedem” visitor’s center in Jerusalem that will sit on top of the “Givati Parking Lot” excavation just outside of the Old City of Jerusalem’s walls. The visitor’s center will serve as an entryway to the Jerusalem Walls National Park, which includes the City of David […]
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: