At the center of the social protest in the summer of 2011 was the issue of housing prices. At the time, there was an extensive public dialogue over the cost of living, and the concept of affordable housing emerged.
The social protest resulted in a stormy public debate over price for tenants housing, the criteria that the government should use for helping people without homes, especially young couples, and about the ongoing failure in public housing.
The last government announced three measures: rental housing; zero VAT; and target price. Ultimately, for political reasons, the zero VAT plan was dropped from the agenda, but the marketing of several target price and rental apartment projects was initiated. At best, the results of these projects will only be seen in several years. As a consequence, The Israeli government has no worthy solutions for affordable housing in either the short or medium term.
The Public housing promises, promises session at the “Globes” Real Estate Summit-Israel Real Estate and Infrastructures Conference in collaboration with Mizrahi Tefahot Bank (TASE:MZTF), will discuss this issue. The session participants will examine how the hope for affordable housing dissipated, among other topics.
The participants will be Mizrahi Tefahot Bank VP Head of Retail Banking Israel Angel; the chairpersons of the Knesset Housing Lobby Meretz Faction Whip MK Ilan Gilon, MK Itzik Shmuli (Labor), and MK Orly Levy-Abekasis (Yisrael Beitenu); War on Poverty Committee chairman Eli Alalouf of the Kulanu Party; Apartment for Rent CEO Uzi Levy; A.M.Y. Yeckutiel Real Estate chairman Adv. Amir Yeckutiel; and Tel Aviv-Jaffa MunicipalityStrategic Planning Unit deputy director Hedva Finish. The moderator will be “Globes” commentator Moshe Lichtman.
The Real Estate Summit is Israel’s largest real estate conference, a key meeting place for decision-makers, businesspeople, government officials, and economic leaders.. Ahead of the elections, the conference will present housing solutions offered by the parties running for the Knesset and will present the economic efforts for housing and infrastructures in Israel.
The conference will be held on Monday, February 23, 2015, with the participation of real estate industry executives, developers, contractors, engineers, architects, assessors, brokers, lawyers, accountants, investors, and others.
For details and registration, please go to Real Estate and Infrastructures Conference , or call *5988.
Published by Globes [online], Israel business news - www.globes-online.com - on February 19, 2015
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