According to data released by Israel’s Central Bureau of Statistics (CBS) there is a critical nationwide housing shortage, hitting the chareidi sector the hardest. The information appeared in a report released this week. The report cites housing prices are increasing as well, primarily in the periphery and Jerusalem areas. Interior Minister Aryeh Deri is scheduled to convene a meeting this week to discus the housing crisis and seek out possible solutions.
According to the CBS report, apartment prices continue to rise. In the months of April and May 2019, prices increased by 0.5% as compared to the previous months this year. Last year, prices increased 1.6%.
According to the report, the government’s plans to reduce housing costs, including the ‘affordable housing’ program have ceased to impact the real estate market, and there has been an upward price trend since the beginning of 2019.
The picture is even more worrisome for the chareidi tzibur as the prices of homes are increasing in the periphery where new apartments are being constructed for the chareidim. For example, in the northern district there was a 5% increase in prices, which is considered quite significant. There is ongoing construction for the chareidi community in that district; in Tiveria, Afula and other cities. In the Haifa area, which includes Charish, there is has been a 2.4% price increase.
The same is true in Jerusalem, where prices in chareidi areas have increase, as is the case in Beit Shemesh.
(YWN Israel Desk – Jerusalem)