web analytics
July 29, 2014 / 2 Av, 5774
Israel at War: Operation Protective Edge
 
 
News & Views
Sponsored Post
IDC Advocacy Room IDC Fights War on Another Front

Student Union opens ‘hasbara’ room in effort to fill public diplomacy vacuum.



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.

Please use the Facebook Tab below to leave your comment:

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

Loading Facebook Comments ...
Loading Disqus Comments ...
Current Top Story
rocket in a field near Kibbutz Mefalsim
Heaven on Earth (With Rockets)
Latest News Stories

Gaza’s Hamas rulers are battling the IDF — and now facing internal dissension as well, as families start protesting their ruined lives.

rocket in a field near Kibbutz Mefalsim

Half the population gone at any one time, but residents of Gaza Belt remain strong.

Protecting a young baby from rocket fire when the Code Red rocket alert siren sounds

IDF soldiers are fighting in Gaza; Israelis are holding firm as massive rocket fire continues at home.

naqba day unrwa

UNRWA has found a third set of rockets in a one of their schools. We’re sure they’re shocked.

A radar system might stop mortar attacks, but that doesn’t change the truism that “the best defense is a good offense.”

“He had a hopped-up ‘cycle that took off like a gun/That fool was the terror of Highway 101 – ‘ from the song “Black Denim Trousers.”

The Givati Brigade has foiled another attempted infiltration via a tunnel into Israel, killing five terrorists who might have murdered hundreds of Israelis.

PLO officials say ‘all’ terror factions agree to a 72 cease fire, but rocket fire continues as usual.

The lights are out again in Gaza, but it’s not clear who is responsible this time around. Does it matter?

There’s a battle going on for Jerusalem’s soul, and Cinema City proves you don’t need to compromise on Shabbat or Kashrut to be a success.

Global anti-Semitism is doing the ‘Gaza Strip’ and unveiling itself, no longer needing an excuse to hide.

While Israelis couldn’t sleep in Rishon Lezion, IDF pilots were busy making sure Gaza terrorists were awake Monday night as well.

Without fanfare, supermarket magnate Rami Levy has been quietly unloading truckloads of food and basics at the homes of all the fallen soldiers…

After killing 5 IDF soldiers, Hamas terrorists tried to steal the soldier’s bodies.

Kerry’s performance panned by Israeli public, media, and even the PA. Why fury directed only at the Israeli government?

Netanyahu and IDF Chief of Staff Gantz announce Israel will not stop the war until all terror tunnels are destroyed.

More Articles from JNS News Service
Cartoon posted on the Facebook page of Northeastern University's Students for Justice in Palestine chapter

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

The Palestinian-modified version of Raphael’s "The Deposition."

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 […]

Before Roosevelt’s ambassador to Nazi Germany had enough of Hitler, he muzzled American Jews anti-Nazi protests.

Putin is right. There is not anti-Semitism in Russia. They simply hate Jews.

The scene of Russian troops sealing the region of Crimea conjures up scary reminders of the Nazi invasions of Europe.

    Latest Poll

    Do you think the FAA ban on US flights to Israel is political?






    View Results

    Loading ... Loading ...

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: