Ministry of Housing markets 7,000 new apartments

The ministry has marketed land for 10,000 new apartments since the start of the year.

The Ministry of Housing and Construction today announced it is marketing land for 6,723 new apartments. This is the largest ever offering of land for new apartments since Ariel Atias became Minister of Housing in 2009, and means that land for 10,000 new apartments has been marketed since the start of the year.

Lots being marketed include for 101 units in two sites in el Aviv, 300 units in Shoham, 402 units in Yokneam, 200 units in Ramat Gan, 1,148 units in Tirat Ha'Carmel, 222 units in Tsur Hadassah, , 350 units in Kiryat Gat, 197 units in Eilat and by far the largest number of units - 2,342 in Nazareth Illt.

Atias said, "Increasing the supply of land is the key to bringing down apartment prices."

Published by Globes, Israel business news - www.globes-online.com - on April 5, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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