Short-term rentals: Good for the Israeli economy?

17.10.2011                      19.Tischrei. 5772                       Chol Hamo'ed 3

Wirtschaft:

Short-term rentals: Good for the Israeli economy?

'Everyone benefits from foreign homeowners renting out their properties.'

The protest against sky-high housing prices in Israel inevitably took aim in part at nonresidents. Foreigners own thousands of apartments in prime areas, dwellings that stand empty throughout most of the year.
Rich Jews living elsewhere bought themselves homes in the Holy Land and keep them available for their convenience, exacerbating the housing crunch in the best areas of Israel, claim the protesters. The result is even more upward pressure on home prices, they conclude….