web analytics
October 31, 2014 / 7 Heshvan, 5775
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
US Defense Secretary Chuck Hagel (L) meets with Israel's Defense Minister Moshe Yaalon in Halifax, Canada on November 22, 2013.
Ya’alon Scraps Purchase of US Aircraft
Latest News Stories
US Defense Secretary Chuck Hagel (L) meets with Israel's Defense Minister Moshe Yaalon in Halifax, Canada on November 22, 2013.

Israel decides not to go ahead with huge military purchase from U.S., likely to provoke rumors of continuing feud.

Tour guide Yehuda Glick (right) leading a group on Temple Mount.

Highlight: Exclusive Interview with Rabbi Yehuda Glick at the Foot of the Temple Mount.

Doctors reported as of 8 p.m. (2 p.m. EDT) Thursday night that there is a “very small” improvement in the condition of Yehuda Glick, gunned down by an Arab terrorists Wednesday night, but that he still is in critical condition and his life remains in danger.

Foreign Minister Lieberman may be playing “chicken.” What happens if France follows Sweden?

Conference of Jewish groups chided the Obama administration for the nasty comments made about Bibi.

Feiglin was standing next to Glick during the assassination attempt

A small caliber weapon was used to shoot at IDF troops patrolling along the border near Quneitra.

Abbas didn’t even condemn the shooting of Temple Mount activist Yehuda Glick.

Arab rioters threw firecrackers at Border Police in the Old City in Jerusalem Thursday and lightly wounded at least one tourist. Police arrested one Arab youth. Earlier in the day, Arabs hurled rocks at a bus in eastern Jerusalem. No property damage or injuries were reported, and one Arab was arrested. In the Jabel Mukaber […]

The Islamic Jihad was thrilled with the shooting of Temple Mount activist Yehuda Glick and said “he got what he deserved, the Mann reported. Daoud Shihab, Islamic Jihad spokesperson, told Ma’an that attempted murder of Glick, who is in critical condition as of this moment, was a “natural response” to defend Jerusalem” and the Al-Aqsa […]

A cartoonist has turned the tables on an attack cartoon against the PM published by the leftist daily Ha’aretz.

Rabbi Yehuda Glick’s condition has taken a turn for the worse. He needs prayers. Yehuda Yehoshua ben Rivka Itta Breindel.

The father and brother of the Islamic Jihad terrorist who allegedly shot Temple Mount activist Yehudah Glick were arrested Thursday in Silwan.

The “silent” intifada is roaring at the gates, Harriet, and threatening to bash the door in. It’s silent no more. Who’s really inciting terrorism?

More Articles from JNS News Service
SanDisk

Dr. Eli Harari will receive the U.S. National Medal of Technology and Innovation.

Stem cell treatment developed by Israeli company BrainStorm Cell Therapeutics has been designated by the U.S. Food and Drug Administration (FDA) as a “fast-track” treatment of amyotrophic lateral sclerosis (ALS).

The high-speed rail line has cost around $1.9 billion and is expected to carry passengers between Tel Aviv and Jerusalem in only 28 minutes.

“The truth will come to light… truth will come to light.” – Shakespeare’s The Merchant of Venice

Letter of protest charges SJP with “harassing and intimidating Jewish students.”

Three Syrian children wounded Saturday night in a lethal mortar shell attack in a courtyard where they were playing were brought to the Rebecca Sieff (Ziv) Hospital in Safed (Tsfat) for medical treatment. A 7-year-old boy was in serious condition with chest wounds and a broken hand; a 10-year-old boy was also in serious condition […]

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.

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: