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By June 12, 2019 Read More →

Jerusalem’s building boom

From Globes.

Housing starts are sharply up, building permits are at a 10-year high, and the number of high-rises is growing, but Jerusalem will remain a poor city.
The trend in construction in Jerusalem is changing.

An investigation by “Globes” found that housing starts in 2018 were substantially more numerous than in previous years because of an increase in high-rises in the city, while the proportion of large apartments under construction has reached an all-time record. The rate of building permits, a reliable indication of the extent of construction in the coming years, is at a 10-year high, after years of negative cranes indices.

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