Ministry: It doesn’t pay to build rental apartments

22.08.2011                      22.Aw-Elul, 5771

Israelischer Sommer:

Ministry: It doesn't pay to build rental apartments

The current wave of social protests has put the issue of Israel's rental market on the agenda, with the widespread calls for affordable housing.

Few developers are keen to build rental apartments despite the tax benefits and incentives they would receive, because renting out apartments doesn't pay in Israel, according to an official at the Industry and Trade Ministry.
The current wave of social protests has put the issue on the agenda, with the widespread calls for affordable housing. Yet the ministry's data indicates that affordable housing isn't being built, despite the demand….