‘Mechir LeMeshtaken’ will soon be celebrating three years, and there is no doubt that it is having a large effect in the real estate market. The project has changed the real estate market in Israel and affected housing prices. From the following data you can learn more about the profile of those entitled to the program, the summary of the number of winners so far, and in which localities the lotteries will take place in the near future.
123,512 eligible applicants were enrolled in ‘Mechir LeMeshtaken’. The data indicates that eligible candidates are young: 48.2% of them are between the ages of 31-40, 30.4% up to age 30, 16.6% 41-50, and 1.4% over 60. Most of those eligible are married couples, 76.5%. According to the rules of the program only singles over the age of 35 can be eligible. 7% of eligible candidates are divorced.
To date, 51,152 apartments have been alloted in the framework of the program, of which the total number of entitled candidates is 48,812. About 12,000 entitled candidates have already chosen the apartments and are deep within the process of building their apartment. Over 15,000 housing units have full permits and are close to the selection process by the candidates. 8,963 housing units are in the process of obtaining approvals in local planning committees.
The most significant change that can affect housing prices is the success of marketing in areas of high demand. For example, if we look at the projects planned for the second half of 2018, it seems that in desired cities there are planned projects that are expected to have a great impact on the housing market.
Yehud-Monoson, is an area in high demand with 1,000 residential units expected to be marketed within the framework of the program, including a residential area and an employment area. In Be’er Ya’akov, the Talmim project is expected to be completed with a total of 752 units up for lottery. In Ness Ziona, two projects are expected to be released with 550 residential units, and Bat Hefer will have an expansion of 600 housing units. In total, in the Gush Dan region 4,254 units are planned for release in late 2018 within the ‘Mechir LeMeshtaken’ framework.
If we look at the expected availability in the Tel Aviv District, we will receive the “Holiday Strip” project in Ramat Hasharon with 500 housing units, and in Ramat Gan, another 920 housing units in two projects and another 600 housing units in Or Yehuda, all of which are expected to bring to the Tel Aviv District 2,020 planned housing units in the second half of 2018 as part of ‘Mechir LeMeshtaken’.
In the Haifa District, there are a similar number of planned releases in the ‘Mechir LeMeshtaken’ program with 2,138 housing units, 1,000 of which will be in Or Akiva, 370 in Haifa and 500 in Kiryat Ata, in Hadera and Kiryat Yam. In the Jerusalem District there are a total of 1,049 planned units, 971 of which are in Jerusalem and 78 in Kiryat Yearim.
In the second half of 2018 an expected 9,461 housing units will be released as part of ‘Mechir LeMeshtaken’ in areas of high demand, which will likely have a drastic effect on the housing market in these communities.
Among the communities in which 11,000 residential units will be marketed at a price to be occupied after 2018: Rishon LeZion, Ra’anana, Tel Aviv, Netanya, Gedera, Kiryat Ono, Kadima-Tzoran, Lod, Mevasseret Zion, Even Yehuda, Beit Shemesh, Hadera and Zichron Yaakov.
In addition to planed units in areas of high demand, there is massive planning in peripheral areas. Thus, in the second half of 2018, the expected total of units released under ‘Mechir LeMeshtaken’ in the Southern Region stands at 7,286. In the city of Be’er Sheva, for example, the release of the ‘Rakafot’ project is intended to provide over 1,500 housing units. In Ofakim 1,287 units, in Netivot 1,850 housing units, In Sderot there are 1,124 housing units, in Eilat 500 housing units, Dimona with 722 units and Yeruham with 254 housing units, all expected to be released as part of ‘Mechir LeMeshtaken’
In the Northern Region, 6,129 residential units are planned for release in the second half of 2018, in addition to another 4,341 housing units in the Haifa area. The total number is 19,846 housing units within the ‘Mechir LeMeshtaken’ framework in the periphery. Among the communities in which 15,150 housing units will be released in the following years in the periphery: Acre, Nahariya, Pardes Hanna-Karkur, Mitzpe Ramon, Ariel, Kiryat Malachi, Safed, Katzrin, Tiberias and Beit Shean.