Jerusalem – Israel’s state comptroller has issued a report on the rapid rise in housing prices, another blow to Prime Minister Benjamin Netanyahu just weeks before next month’s national election.
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Wednesday’s report says the cost of buying a house rose by over 50 percent in recent years.
For many Israelis the high cost of living, not security, is the primary issue in the March 17 election.
Buying an apartment is out of reach for most young Israelis and rents also have risen significantly in major cities.
In 2011, hundreds of thousands of people took to the streets across Israel in protest over the spiraling housing costs and other social issues.
Netanyahu’s Likud party issued a statement saying the report will be studied and that it will work to resolve the crisis.
its crazy that in Israel a soldier leaving the army has no where to live but a guy on welfare whether Chareidi or worse yet an Arab has, just like America where working people are drained to support “the poor”.
As a general rule, housing prices rise when the economy is performing well. Of course there are other causes, such as damage done environmental laws and regulations that prevent construction of new housing, etc. I don’t know if Israel is so overregulated. Of course, repealing those utterly harmful and unnecessary environmental laws will ease the upward pressure on the housing prices, and I am all for it. But! The most reliable way to depress the housing market is to slow down economic growth to zero, or better yet, to contract the economy. So people who protest expensive housing should be very careful about what they wish.
Well this is one of the many reason i urge Jews to flee to Israel.