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Daily Israel Report
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News Brief

  5/15/2014, Iyar 15, 5774

20-Year High in Jerusalem Construction


Mayor Nir Barkat of Jerusalem said, Thursday, that 2013 marked a 20-year high for construction in the capital. During a tour with Housing Minister Uri Ariel of the more than 4,000 dwellings under construction in the city, Barkat said 3,442 units were started, continuing an upward trend which reached 2,470 in 2012. Last year saw 2,430 dwellings completed, compared to 1,760 in 2012.

Barkat said tens of thousands of units will be built in the coming years, explaining that new construction was essential to the development of the capital. Ariel said the issuing of permits, building and marketing of dwellings was needed to bring housing prices down.

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