Netanyahu: Buying a home has become harder and harder.

Steinitz elaborated that "for the first step, in 2011 to Capital Gains Tax discount for those who sell land for rapidly building private land. The assumption will be given only for real estate construction which will end in 30 months. Who sell land for quick, collected from only 20% of the entire period including praise and historical standing on 45% percent currently. "

"For the second step," said Steinitz, "We intend to give a refund of up to 15% at land auctions of the Israel Lands Authority who will start immediate construction contractors to complement the construction of at least 80% of the housing project." Steinitz elaborated that "There are mayors prevent the construction of new neighborhoods for the reason that some public institutions fall on the shoulders of the municipality. We decided to approve Lmm"a back up on the ground and transfer inspection duties at cities confirm dwellings."

During the press conference, told Netanyahu about the forum that decisions were made about the measures, saying that "I convened a joint forum last month, the Finance Minister, Minister of Housing, Bank of Israel, CEO offices, the Israel Lands Administration officials and others. As for professional staff on this issue to provide practical solutions in the short term. I got another decision - to get results, as necessary, every few weeks. Today I will present the first steps, the first batch of results. We get together almost every week and introduce further measures as necessary. Watch for further, and soon. "


Deputy Minister for Young, Gila Gamliel, said at the press conference that "these measures are part of a strategic plan to make young people a national resource. The program began with relief in acquiring an education by providing free school year veterans, and now we handle on the housing shortage. This is the first wave of benefits designed to help solve the housing shortage of young couples. "

The global financial crisis has left Israel's real estate market with a problem most U.S. homeowners only dream about: Property values are rising too

Rising demand pushed the average home price to about $250,000. In Tel Aviv, prices have risen 46% since the end of 2008 to an average of nearly $600,000 for a three-bedroom home. Jerusalem is up 15% this year to an average price of about $415,000.

That's good news for homeowners, who watched property values fall in the 1990s and again during the 2001-03 Palestinian uprising and the 2006 Lebanon war. On average over the last decade, Israeli home prices have risen about 3% a year.

But the recent surge in prices has made life difficult for many Israelis, especially first-time homebuyers.

"Real estate prices in Israel, particularly in Jerusalem, are simply crazy," said Yoni Shoshana, 26, who is married and has one child. He spent months looking at dozens of apartments until he finally found a two-bedroom unit for $235,000. His secret? Perseverance and prayer, he said.