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The real estate market in Israel will open to foreign construction companies

The housing cabinet this week approved the proposal of the Finance Minister and Kulanu Party Chairman Moshe Kahlon to double the number of workers who could work in Israel as part of foreign construction companies. This means that 12,000 foreign construction workers will backup the Israeli real estate market, accelerate the pace of construction and provide apartments for young couples quickly and more efficiently. Minister Kahlon: “We are not going to stop, we will continue to act with all the strength and all the tools at our disposal to enable every young couple in Israel to buy an apartment at a reasonable price”

 

The housing cabinet approved the proposal of Finance Minister Kahlon to double the number of workers who could work in Israel as part of foreign construction companies, to stand at 12,000.

The move is another of the many moves led by Finance Minister Moshe Kahlon in order to increase the housing supply for young couples.

The increase in the quota of foreign companies in the construction sector in Israel is part of the government’s decision to bring foreign workers to accelerate and promote construction throughout the country. To this end, the decision makers propose to increase the number of workers designated for the benefit of the additional foreign companies operating in Israel for five years, which met all the conditions of the Ministry of Construction and Housing.

Each of the additional companies will be given the option of bringing up to 1,000 foreign workers for wet work only in residential construction projects on a first-come, first-served basis. The selected companies will be able to cooperate with local companies.

The decision is part of the government’s policy to increase the scope of residential construction in Israel. This is done in order to reduce the gap between the demand for housing and the existing supply of apartments in the market.

The introduction of contracting companies with experience in quality construction and high productivity levels is expected to increase the number of houses being built in Israel. In addition, companies may raise productivity levels in the industry, using industrialized means.

In addition, the proposal has implications for the duration of construction of residential apartments, which is expected to be shortened due to the use of advanced industrial construction technologies

אף אחד לא יעצור את תנופת הבנייה בישראל. פשוט כי לא ניתן להם.

‎Posted by ‎Moshe Kahlon – משה כחלון‎ on‎ ראשון, 8 ביולי 2018

 

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