Housing in Israel: Difference between revisions
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'''Housing in Israel''' refers to the history of [[housing]] in [[Israel]]. |
'''Housing in Israel''' refers to the history of [[housing]] in [[Israel]]. |
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==History== |
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After the establishment of the State of Israel, hundreds of thousands of [[Jews]] from all over the world began immigrating to the new state. Many were housed in temporary camps known as [[ma'abarot]], where they lived in huts, tents and packing crates until permanent housing could be built. In cities and [[development towns]] all over the country, rows of concrete tenements went up to accommodate the masses.<ref>''Encyclopedia of Zionism and Israel'', edited by Raphael Patai, Herzl Press, McGraw, New York, 1971 "Architecture and Town Planning in Israel," Vol. 1, pp. 71-76</ref> |
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In the late 2000s and 2010, the real-estate prices in Israel appeared to be inflated compared to the long-term average, other developed economies, rents and average income. This [[real estate bubble]] was blamed on the country-wide housing shortage.<ref>{{cite web |
In the late 2000s and 2010, the real-estate prices in Israel appeared to be inflated compared to the long-term average, other developed economies, rents and average income. This [[real estate bubble]] was blamed on the country-wide housing shortage.<ref>{{cite web |
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*[[Economy of Israel]] |
*[[Economy of Israel]] |
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*[[Immigrant camps (Israel)]] |
*[[Immigrant camps (Israel)]] |
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*[[Ma'abarot]] |
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*[[Development town]] |
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==References== |
==References== |
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Revision as of 14:47, 8 February 2012
Housing in Israel refers to the history of housing in Israel.
History
After the establishment of the State of Israel, hundreds of thousands of Jews from all over the world began immigrating to the new state. Many were housed in temporary camps known as ma'abarot, where they lived in huts, tents and packing crates until permanent housing could be built. In cities and development towns all over the country, rows of concrete tenements went up to accommodate the masses.[1]
In the late 2000s and 2010, the real-estate prices in Israel appeared to be inflated compared to the long-term average, other developed economies, rents and average income. This real estate bubble was blamed on the country-wide housing shortage.[2][3] However, many economists and investors do not see it as a bubble.[4]
In response to the global economic recession in 2008, Israel's central bank governor, Stanley Fischer, lowered interest rates to an all-time low of 0.5%. That resulted in prices rising very fast in 2009, after rising steadily in the last decade.[5]
Most mortgages taken out in 2007–2009 were adjustable-rate mortgages pegged to the prime rate, which at the low was 1.75%.[6]
See also
References
- ^ Encyclopedia of Zionism and Israel, edited by Raphael Patai, Herzl Press, McGraw, New York, 1971 "Architecture and Town Planning in Israel," Vol. 1, pp. 71-76
- ^ Yossi Nissan (11 April 11). ""We are not solving the severe housing shortage."". Globes. Retrieved 2011-07-14.
{{cite web}}: Check date values in:|date=(help) - ^ cabinet secretariat (19 June 2011). "Cabinet communique". Ministry of Foreign Affairs (Israel). Retrieved 2011-07-14.
- ^ http://www.haaretz.com/hasen/spages/1126811.html
- ^ http://archive.globes.co.il/searchgl/Housing%20prices%20continue%20to%20rise_h_hd_2L34nE3KoCrmnC30mDJ8oE3OoBcXqRMm0.html
- ^ http://www.haaretz.com/hasen/spages/1102316.html