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"Accelerated process of industrialization of the Israeli construction industry is expected to drive down prices how to value a house by - 8%," according to a comprehensive examination conducted by the past two years, the Israeli Building Center. Examination were taken into account the following parameters: construction input distribution, the distribution of the labor force in the construction and construction duration of an average apartment.
Israeli construction industry currently employs about 350 thousand employees. In 2006, average wages in construction inputs grabbed 13.5 while in 2011 it shot up to - 44%. In 2005, employed about 30 thousand construction workers described as 'wet' (builders, Iron workers, plasterers, cabinetmakers, etc.), while in 2011 the number jumped to about - 41 thousand employees
"This high percentage, that is unmatched in any other civilized western country," said Kobi Lngaliib, CEO of the Israeli Building Center, how to value a house "is a symptom of the industry based patients increasingly 'personnel come to bear and abstains automation and modernization processes."
According Lngaliib: "lack of industrialization of construction requires ongoing dependence on foreign labor and expensive. Excessive how to value a house inputs of construction, how to value a house cement, iron, and other quarry materials, in 2006, accounted for approximately 85% of inputs, are now only about half of them. Clearly accelerated process of industrialization also cut These inputs, and most significantly will reduce the costs of contractors, as well as the prices at least 8%. "
Summary report of the test indicates Lngaliib: how to value a house "The Government of Israel to take advantage of the fact that real estate sector is the locomotive" of employment and the economy in Israel universities and colleges to open advanced courses for training thousands of young people in the coming years the construction industry professions, significantly reduce the dependence foreign workers and workers in particular "wet work" in general, and thus also to industrialize the industry and contribute significantly to the decline in housing prices and the entrepreneurial income account. "
Real Estate News More on: Because of the shortage of construction how to value a house workers in Israel, prices had increased by 100 thousand shekels within a year the Israeli construction industry difficulties: there is no money for training employees, housing starts fell by a third - whether house prices will rise further? Contractors: House prices will rise this year by - 8% and housing starts decreased how to value a house by - 5% in contrast to Leumi, Bank of Jerusalem believe that the increase in housing prices stop falling in - 2011
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