A little patience: At least a decade will pass before we see a change in the real estate market

Adi Gazit, themarker.com

The residential real estate market is at a boiling point. In recent months, we have witnessed some dramatic market events that have made headlines: reconsideration of the urban renewal sector; changes in the private-entrepreneurial sector and involvement in the sales law; the next finance minister's policy on the housing price plan.

In recent months you can see that many more deals are being made in the market, and in some areas, there is even a price increase, the end of which cannot be seen at this time. Whether the next finance minister will be Moshe Kahlon or not, one thing is unquestionable - a price plan for a resident whose entrepreneur is a thing of the past. Beyond the fact that the program was unsuccessful, in many places it has recently been reported that some lottery participants are even considering legal action against the state, claiming that the lotteries were allegedly carried out without an appropriate permit.

In addition, in the substantive macro test regarding the handling of general housing demand, the failure of the state is much more severe. The plan created uncertainty among private entrepreneurs who found themselves outside the Treasury's business plans on the one hand, and many potential buyers long awaited the fence on the other. The situation led to over-demand that was only growing, to a crisis of confidence, uncertainty and tremendous pressure among the public and market entrepreneurs.

Without the purchase groups - no market

The reexamination of the urban renewal market has only helped spark the fire. If private ventures from participating in state tenders were insufficient, now it also dominates this area, which has become most significant among private entrepreneurs in recent years and has greatly contributed to the solution and diversification of housing sources, especially in demand areas.

Moshe Kahlon,Moti Millrod

There is a great deal of logic in reconsidering the urban renewal industry, with emphasis on TAMA 38/1, and it is preferable to think later than never. However, many municipalities - beyond the lack of financial interest due to exemption from the levy, for example - should look after infrastructure, educational institutions, Parking, gardens and the like, as a result of the growth of the cities in height, the new population resulting in the revitalization created overcrowding and resulted in a shortage of parking and infrastructure, with no elementary solutions expected and required.

We also witness the resurgence of the Sales Law Commissioner refining procedures for managers of acquisition groups and the distinction between a project that is essentially a "purchasing group" - an "entrepreneurial project" that must comply with the provisions of the Sales Law. The Supervisor does not intend to make it difficult, but to sharpen the emphasis of those engaged in the field, and to maintain a free market. Remember - entrepreneurs and purchasing group managers are an intrinsic component of the real estate sector. Without them, there is no market. Today there are more and more purchase groups operating under the provisions of TAMA 38 and evacuation of construction.

However, it will take at least a decade for a real change in the real estate market to take place, and in order for this to happen, a reasonable and proper regulation must be maintained that maintains a sound and sound business path, allowing entrepreneurs to work creatively and freedom of action. In addition, and no less important, the next finance minister must implement Real and long-term reform, and not so relevant to his term only, giving equal opportunities to entrepreneurs, releasing land from the Israel Lands Authority and a clear concern to offer, any other manipulation on the market is unnatural, distorting reality and prices accordingly. - Maintaining a free market, defrosting and releasing Bubble land in the state will give the answer.

 

All press