web analytics
July 29, 2015 / 13 Av, 5775
At a Glance
News & Views
Sponsored Post


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.

Current Top Story
Obama on Iran Deal
Is Obama a State Sponsor of Terrorism?
Latest News Stories
US Secy of State John Kerry and Iranian Foreign Minister Javad Zarif shake hands.

A poll suggesting American Jews support the Iran deal is flawed, while a new poll reveals the opposite.

Prime Minister Binyamin Netanyahu.

Netanyahu called Pollard’s wife over news of his impending release from prison.

Israeli security forces surrouund the two "Draynoff" buildings in which Beit El residents had barricaded themselves to resist evacuation.

A tent city is raised in solidarity with Beit El residents, where two half-finished apartment buildings are threatened with demolition.

Bernie Sanders with supporters

“Sure, a lot of people like Bernie Sanders, but can he win?”

Former Israeli agent Jonathan Pollard will be freed in November after spending 30 years in a U.S. prison.

Arab children are taught to be “martyrs” at the Al Aqsa Mosque summer camp in Jerusalem.

Temple Mount activist Yehuda Glick praises Israel’s government but says “more” needs to be done about disparity at the site.

The scenes from last night and today in Beit El are eerily reminiscent of the scenes from Gush Katif 10 years ago, the above photo in particular.

Military officials called this a most serious incident, but stressed that the soldiers fled the outpost while the battalion and their fellow fighters were not on operational duty.

Gaddafi wasn’t in the court, as he is currently being held captive by one of the former rebel groups in Zintan.

Britain issues alert for its citizens against travel to Turkey due to “high” threat of terror attacks by ISIS.

The marijuana valued at $50 million, and seized in an operation over the past few months.

Nuttall told an undercover policeman that his wife believed she should send Jewish children to paradise, since “grown-up Jews” go to “eternal hell.”

Local Israel Police have arrested seven Jerusalem Arabs in connection with recent attacks on Jews.

Half of all Israeli Arab MKs ascended the Temple Mount to protest “police brutality,” expelling Jews along the way.

The Temple Mount movement strongly condemns Tuesday’s visit by Israeli Arab MKs to the ancient site.

More Articles from JNS News Service
The Beavers family of Columbus, Ohio, among the 221 new immigrants to Israel aboard the 53rd Nefesh B'Nefesh charter aliyah flight.

Aaron is a plumber, Tracie, a former National Guard member, wants to volunteer in the IDF.

Father Gabriel Naddaf holds the Christian Empowerment Council new anti-BDS guide.

The organization also is encouraging young Christians to serve in the IDF.

The IDF has decided to implement a new practice to improve the security of hitchhikers in Judea and Samaria — one year after three hitchhiking Israeli teens were abducted and murdered. Yisrael HaYom reported that the IDF will be sending reservists in civilian vehicles to provide security for hitchhikers in the territories. The cars will […]

The California State Assembly on Monday passed a resolution urging action on the increasingly rampant anti-Semitism on University of California (UC) campuses. The resolution urges each UC campus to “adopt a resolution condemning all forms of anti-Semitism and racism.” The bipartisan measure was introduced by State Senator Jeff Stone (R-Riverside County) follow-ing a series of […]

Sagi Muki defeated his opponent from Georgia.

New York follows Indiana, Illinois and Tennessee to condemn BDS.

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.

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: