Show me an example Israel Real Estate News: Government began to publish in the media the Israel Land Administration reform and transfer the ownership of the land

Thursday, October 07, 2010

Government began to publish in the media the Israel Land Administration reform and transfer the ownership of the land

These days the government began to publish in the media the Israel Land Administration reform and transfer the ownership of the land. Administration issued a month ago Letters lessee of land which the land will be taken by them will be recorded in the Land Registry under the name free of charge. The port reform path followed by television and radio advertising campaign.


Administration will oversee the market to prevent the accumulation of multiple land to any private entity. Administration CEO, Yaron Bibi, heads the team which met six weeks ago to examine measures to prevent concentration of Israeli real estate market.

Encourage competition: the Israel Lands Administration lands against corporate accumulation

"The reform includes a clause requiring the administration to prevent concentration of land by individuals and giving him new tools to address the situation of the concentration of land in the hands of individuals," reads a statement from Prime Minister's Office released yesterday. In addition, the Administration intends to monitor the transactions made to the ground to prevent the entry of hostile elements. The message reads: "A special mechanism will protect against hostile foreign takeover of state land, so supervision is expected to strengthen this issue. Official institutions, they continue to do the planning to ensure land use in accordance with national interests." Posts were transferred initially to 65 thousand landowners in the periphery are entitled to transfer ownership to them free of charge. Soon be sent messages to 40 thousand tenants in the center, are exempt from. The last phase will be distributed 25 thousand bond exceptional group includes tenants, and therefore are exempt from payment.

To date, the Administration Land Registry recorded 60 thousand tenants under saturation. With the transfer of ownership and registration in the Land Registry, can any tenant build the territory without the approval of Israel Lands Authority to act against the local authority only.

Israel Land Administration reform designed to reduce the bureaucracy experienced by those who seek to promote programs to expand the house, so that any change will require a little planning and administrative approval. This will allow Management to focus on the development and marketing of land. The reform will also establish internal authority - the state government land management.
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