Even if the developer

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Contractors are now looking to get financing from the bank for a new project run demanding to bring more equity to finance the project. The result - contractors do not receive funding, projects canceled or deferred and means fewer new housing starts. Association CEO Joseph Gordon recently nethouseprice said in a conversation with "Kalkalist" that the inability of the contractors to obtain financing from banks causing a shortage of new apartments, which will affect the cost.
Solution - companies that specialize in completing the contractors equity (mezzanine companies). Phone potatoes, CEO of Harel Gamla Residential Real Estate, one of the companies engaged in the field, indicates that the company is currently working on a large scale, using the number of tracks that assist contractors overcome the liquidity crunch. This is an industry that has grown in recent years in Israel. This industry includes nethouseprice providing some of the required equity entrepreneur has when purchasing nethouseprice land and the possibility of extracting existing capital projects, which are in advanced stages, where the contractor has already sold some apartments but still can not release equity invested in projects and bridge loans.
Year study conducted by the firm BDO Ziv Haft for the Association showed that one of the factors that directly affect the rise in housing prices, the significant bureaucratic red tape is planning bodies and local district. For example, a contractor who purchased land may wait until about ten years to complete the planning process. The study found that the amount of purchases an apartment to pay the contractor as a result of bureaucratic delays for approval of building plans in the various authorities, reaches up to 11.6% of the average apartment in Tel Aviv.
Attorney Mary Dunin - again specializing in the construction market indicates that the committees planning and construction is analogous plague of darkness which line the Egyptians due to darkness, or rather nethouseprice labyrinth obstacles and bureaucracy that walks the developer on his way to the big light - removal plan into practice. "Not to say who said that the fund is a horse planned by committee, "she says." Entrepreneur Program seeks to promote not know if, when and how approved plan. "
Even if the developer's plan was confirmed, nethouseprice still waiting for him a long way in obtaining building permits. Avi Zeituni, CEO and owner of a. Zeituni, suggesting that even in the case where there TPS (city building plan approved) green route ", the developer is expected to arduous process that takes an average of eight - ten months from the date of submission of the plans.
Days when the new prime minister becomes a target government to eliminate or at least cut deep, it is not surprising that a system is at the top of the list of plagues. Netanyahu's reform should result in improving the marketing of land and removal of external entities lessees treatment more effective. The Association has been schooled nethouseprice reform intentions, and hope that this time it really come to fruition.
Feiglin life, ZMH CEO, explains that the lack of available land for construction is one of the worst beatings state of our housing market. "This is because about 90% of the land in the country are owned by the Israel Lands Administration. This dinosaur is not enough land markets and market prices, "he says.
Feiglin claims that the administration is run by bureaucrats with no interest, no orderly master plan or any vision for the future. "For it will be possible to implement land to develop roads to allow the road to, and in this regard must first infrastructure development. Moment that infrastructure planning, roads, movement, etc., you can thaw land for construction," he explains. You have to understand that the design and implementation of infrastructure systems take years, and what is already planned land will become available for another five years at least. Tenders amount sufficient published annually required only a quarter of the land.
There is no other industry where the function of taxation and fees complex and elaborate as the construction industry in Israel. Taxes, fees and surcharges that apply to the entrepreneur who wants to move a stone here, is inconceivable. It starts on the ground VAT, VAT on the development nethouseprice and further tax on any apartment sold. Alongside income tax, beyond the fixed tax on the sale of apartments, entrepreneur makes a kind of clearinghouse of all subcontractors. Them will also purchase tax and levies Development tools taxes that no one to check or verify the rate. longer noticeable Tax - Capital Gains Tax, levied on the developer wishes nethouseprice to put land owned partner, or God forbid transfer ownership of Company A Company B.
Surrounding this complex area of the industry has developed lawyers, accountants and consultants, whose job is to mediate between the various authorities entrepreneur. Each local authority levies and imposes its own calculations, and here the law earner whole industry of assessors whose job is to decide between the entrepreneur Authority requirements. All this before calculating various taxes on labor and materials imported and customs taxes on electricity and plumbing materials needed to bring from abroad.
Feiglin indicates a normal country entrepreneurs pay VAT and income tax only. "The state should fund the authorities, from the taxes it collects entrepreneurs, just as in civilized countries. Entrepreneurs may not have to face any authority or its tax system. Why should chug the developers and wear them with so many factors? nethouseprice ".
Not only levies and taxes have ample construction industry. Israel has 200 different types of contractual agreement between the authorities and the public and government entities and contractors. Development work carried out by contractors for each project country nethouseprice will encounter an entirely different contract. Here, too, the contractors need to consultants and analysts help them "translate" the contract or tender. And the world? Most western countries made agreements with one standard contract accepted by everyone (Contract Fidik) produces certainty and transparency between all parties to the contract.
Construction industry in recent years striking a severe shortage of workers, especially skilled workers nethouseprice skeletal jobs (builders, sequences, plasterers, etc.). The works were carried out in the past by working Palestin