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      Archive: 12/18/2013

      News Brief

        12/18/2013, Tevet 15, 5774

      New Rent Control Homes May Help with Housing Crisis

      Finance Minister Yair Lapid announced on Wednesday the first tenders for rent controlled housing. The cities where tenders will be marketed are Haifa, Herzliya and Ramat Hasharon. The inter-ministerial committee of the Finance Ministry, Israel Lands Authority and Ministry of Housing hope the plan will stabilizing the sky rocketing housing prices causes by the low demand and high supply.