Construction standards will raise the cost of all new Israel real estate and homes in Israel in 204 thousand shekels.
In the last decade a lot of new construction standards were added to the Israel real estate industry, some more or less justified. New research, reveals that we will pay – and a lot more for homes in Israel: 131 thousand shekels more for a family home; for an apartment in a tower: 326 thousand shekels.
Israel real estate purchases in recent months waiting for the one gospel – a significant drop in homes in Israel prices. Various surveys, forecasts and entities on behalf of social protest and media, spin Buyers to be confused more than ever about buying homes in Israel . The result, for the time being, is a continuation of the waiting, which makes contractors (and many others living on the movement of buyers and sellers in the industry) to bite their nails. At the same time, it’s hard not to notice the public impatience trend, especially among those who must sell or buy Israel real estate .
“Better final product”
Israel real estate , research done by the Commercial Section of the Association of Contractors estimates the cost of bureaucracy and regulation in homes in Israel and their impact on the cost of building the apartment – and therefore the final price of the homes in Israel (over the past decade). Other reasons for selling more expensive as the known ones such as interest rates, shortage of supply, the rise of standards, the raising of investors in Israel real estate and more.
The authors, the association vice president and economist Gurewitz Itzik Ziv Lazar , in cooperation with engineer Nathan Hilo the technical chairman of the Association of Contractors “In the last decade claim: ”Many regulatory requirements have been added with a significant cumulative effect on the areas of Israel real estate and prices,”. They argue that “the cumulative average effect of these requirements reaches 204 thousand shekels on an average homes in Israel.”
Actual cost is very influenced by the height of buildings: homes in Israel of a floor or two the price raise is low and reaches 130.9 thousand shekels, but the tall Israel real estate (buildings) of 5-9 floors or more the raise is larger, 280.2 thousand shekels and 326.3 thousand shekels, respectively.
The study referred to 10 sections that were added to contractors over the past decade about Israel real estate , each with a different financial impact, and each one touches a different area of Israel real estate. The Contractors Association stress that these are important issues that surely only benefit with the final product( homes in Israel) , but the expense involved in making the construction and initiation more expensive.
The various regulatory in Israel real estate topics assembled main groups: adjustments for people with disabilities; fire safety; adjustments for high building and worsening abnormalities; New Communications regulations; environmental protection for homes in Israel – radon gas and garbage rooms, parking modification facilities and the change to underground parking; civil protection (Mama”dim) – Additional space and filters; changes to sanitation facilities for Israel real estate ; fronts coating for homes in Israel.
Each area for homes in Israel has sub-topics, each tested by impact and costs associated with implementing the internal areas and public areas, some only for adjustments and some space for adding facilities and materials. The study relied on data from Israel real estate Central Bureau of Statistics including: Distribution of dwellings by number of floors, the average of Israel real estate apartment area (gross) and Total Price per square meter built out of an updated index of input prices in homes in Israel residential construction.
Safety above all
Well, what caused our homes in Israel to raise in such volume this decade? Heading the list is the new standards with earthquakes, acoustics and more stringent requirements for use in concrete. Proportion of these additions is a flat price not less than 25.3% in comparison to other Israel real estate add-ons. Financial cost is not negligible about homes in Israel and amounts to approximately 44.4 thousand shekels a weighted average by the authors according to the distribution of new buildings ( homes in Israel) constructed height.
Storey buildings up to two floors in Israel real estate , this section is an addition of 21.6 thousand shekels per apartment, in buildings of 3-4 stories addition of 29.3 thousand shekels, higher buildings of 5-9 floors the amount raises in 65.4 thousand shekels, and the buildings of 9-storey residential and above, the amount already approaching one hundred thousand shekels (92.4 thousand shekels) for homes in Israel.
The second parameter is as important in Israel real estate for tenants safety as the first if not more. It is all to do with additions installed in bomb shelters for homes in Israel. Part of this addition the relative price of the homes in Israel apartments all add-ons is about 19.4% and the translation for money – an average of NIS 34.1 thousand per apartment in Israel real estate. In comparison to normal Standardization to earthquakes, acoustics and Concrete, which changes according to the number of Floors in the building, in this case there is no change with additions in question and of equal monetary value for each Israel real estate building. The cost of underground parking in homes in Israel, for example, requires the contractor only in buildings of 5 floors and over, going in those buildings at 35 thousand shekels, 8.2% of all add-ons.
Next to add-ons that there is no argument about the importance of the new construction in Israel real estate , were also few other sections that refer to things over the years about homes in Israel , less acute. For example, stones cladding facade, also adds to the homes in Israel about an average of -16.6 thousand shekels. This section is not less than 9.5% of the total additions. Short-story building or two are not required to be covered in the Israel real estate rules , but for the rest of the buildings in the Israel real estate it is an addition of 32 thousand shekels to the price of the apartment. Just for comparison, it is expansive then parameters that are much more important in homes in Israel , as the requirements of environmental protection to deal with toxic emissions such as radon gas or disposal of waste (0.7% of the total add-ons), normal Standardization for tall buildings skeleton (1.3%), fire safety (5%) and new standard for thermal Insulation (3.6%).