web analytics
September 18, 2014 / 23 Elul, 5774
At a Glance
News & Views
Sponsored Post
Apartment 758x530 Africa-Israel at the Israel Real Estate Exhibition in New York

Africa Israel Residences, part of the Africa Israel Investments Group led by international businessman Lev Leviev, will present 7 leading projects on the The Israel Real Estate Exhibition in New York on Sep 14-15, 2014.



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
Part of the Gush Etzion fence near Jerusalem
Cabinet to Vote Sunday on Cutting Gush Etzion Off from Jerusalem
Latest News Stories
Part of the Gush Etzion fence near Jerusalem

The cabinet is set to vote on the path of the security fence which would cut off Gush Etzion from Jerusalem as well as be a major eyesore.

The beheading of British aid worker David Haines, Sept. 14, 2014. The terrorist standing beside him threatened that his fellow British aid volunteer, Alan Henning, would be next if UK Prime Minister David Cameron doesn't relinquish his support for the fight against ISIS.

UK Muslims are calling on ISIS to release British aid volunteer Alan Henning, whose life is now threatened by the group.

Axe confiscated from Arab terrorist suspect by Border Police officers who were operating near Beit Jala on Sept. 18, 2014.

Border Police officers blocked an axe-toting Arab man from carrying out a terror attack near Jerusalem.

A home was damaged in a Qassam rocket barrage from Gaza on Friday, August 8, 2014. Miraculously, no one was in the house at the time.

A Code Red incoming rocket alert was sounded for Gaza Belt and Ashkelon Coastal communities.

Harvard law professor Alan Dershowitz says former Pres. Bill Clinton is wrong about PM Netanyahu.

A massive sting operation hauled in 15 suspects and foiled a plot by ISIS to hold a public beheading in Australia.

A 3-hour strike at Ben Gurion International Airport at check-in counters has delayed thousands.

Have you seen Menachem Bodner’s twin brother Jeno, or Jolli Gottesman? He’s out there.

Iran scorns as “ridiculous” a US-led anti-ISIS coalition without boots on the ground.

A prison inmate on death row in Connecticut is demanding kosher food, though he’s not really Jewish.

Hamas claimed one of the bank’s clients owed them taxes…

Reports from Lebanon say that Israeli Air Force planes flew over the Marjayoun area in Lebanon, launching flares.

Despite previous claims, Hamas now denies they arrested any rocket crews. So, who do we believe?

Western Wall’s employees, remove thousands of handwritten notes placed between the ancient stones of the Kotel, the Western Wall, Judaism’s second holiest site, in the Old City of Jerusalem. The operation is carried out twice each year: before the Passover festival in the spring and at the Jewish New Year in the fall. The prayer […]

A memorial event with a special photo exhibition honoring the late Israeli Prime Minister Ariel Sharon took place on Monday.

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: