Registration for second lottery for the apartment at a reduced price has ended:: 112,625 registered

Registration for the second lottery for the apartment at a reduced price has ended. 112,625 households registered this time for the lottery, which ended yesterday (Sunday) at 11:59 PM, and which included 5,499 discounted apartments in 25 localities throughout the country. The results of the current lotteries will be announced in August.
While apartment prices continue to rise, demand for discounted apartments is also at its peak. The current lottery joins the first lottery in which about 120,000 eligible people registered and won over 10,000 households in the apartment at a discount. Registration for the second lottery opened on 3.7.2022 and closed last night at 23:59, when among the localities that were in the lottery: Eilat, Elad, Ashdod, Beit Shemesh, Deir Hanna, Haifa, Jerusalem, Sderot and more.
From tomorrow (19.7), registration will reopen for the issuance of a certificate of eligibility for the next lottery, which is expected to open for registration during the month of October. The Ministry of Construction and Housing has undertaken to publish more lotteries by the end of the year, which will set the scope of the discounted apartments to be drawn this year at about 30,000 apartments in total. This is about another 15,000 apartments, and as of today, the next lottery is planned for October-November 2022, but it is too early to know how many discounted apartments it will include and this is related, among other things, to tenders that will be closed in the near future.
The Minister of Construction and Housing today promised that his office will market another 45,000 discounted apartments next year (2023), but keep in mind that elections to the Knesset are expected towards the end of this year, and it is not known what the position of the next Minister of Construction and Housing will be when he takes office.
When it comes to eligible preferences regarding project locations, there are no surprises when in the first places are the cities of the center. Thus, the most sought-after localities in the current lottery are Ramat Gan, where about 47.6 thousand were registered for a lottery that includes 349 discounted apartments, Rosh HaAyin where about 42.1 thousand were registered for a lottery for 439 discounted apartments and Netanya where about 27.1 thousand were registered for a lottery for 888 discounted apartments .
"By the end of the year, we will grill 30,000 apartments and next year another 45,000 apartments," said Minister of Construction and Housing Zeev Elkin. "In addition, despite strong opposition from the contractors, we passed the Sale Law, which will save couples another NIS 100,000-150,000 in the construction input index, and we continue to increase the supply of long-term rental housing to allow the homeless and young couples a decent and affordable roof."
Aviad Friedman, director general of the Ministry of Construction and Housing, said today: “We work around the clock to promote marketing across the country. At the same time, we are working on additional channels to increase the number of markets and long-term rental housing units. In order to meet the rising demand among couples and young families. "
Yaakov Quint, director of the Israel Land Authority: "Another episode of registration for the lottery for a discounted apartment ended last night. We call on those who meet the eligibility conditions and have not yet registered to register soon.
At the end of the week, the housing price index of the Central Bureau of Statistics (CBS) was published, which indicates a continued rise in housing prices. According to the index, housing prices rose by 1.4% between April and May 2022 compared to March to April 2022. .
The district in which housing prices rose at the highest level is Tel Aviv, with an increase of 1.9% per month, with an increase in all districts. At the annual level, the district where the largest increase was recorded is the Central District with a jump of 19.5% per year. Even on an annual basis, there is no district that recorded a decrease and the lowest increase was recorded in the Northern District and stood at 12.8%.
At the same time, rental prices also rose significantly. According to CBS data, for 7.5% of tenants who renewed a contract, there was a 3% increase in rental prices and for 2.5% of tenants (apartments in which the tenant changed and signed a new contract) there was a 6.5% increase in rent.
However, data from the Central Bureau of Statistics on the purchase of new apartments, as well as data from the Chief Economist at the Ministry of Finance recently published, indicate that demand for apartments has been declining in recent months, so the volume of transactions is declining. However, at present the decline in volumes is not affecting prices.