Because of the shortage of land resettling the Israelis into the ground

The Israeli government seeks to increase housing supply by encouraging construction. These measures will reduce the value of real estate in the country. Recall that the land in Israel is the deficit and the country has a relatively high tax on the proceeds from its sale, which aims to prevent speculation. In 2001, the tax rates were lowered from 49% to 25%. But it is worth noting that the new rate became effective only for sites that have purchased plots after 2001. As a result, owners of land that were purchased more than 10 years ago in no hurry to sell them, because they have to pay to the state budget twice as much as the others. Meanwhile, the shortage of building land is the main cause of rise in price of real estate in Israel. On this basis the Government has decided to introduce a single tax rate of 25% regardless of the time of purchase of the site. But this measure would be temporary, says "Prian" referring to the Globes. Only after that the authorities want to buy about 170 acres of private land, which can then be constructed 50-60 thousand residential properties. Central Bureau of Statistics predicts that this year, investment in housing will increase by 11.1% compared to last year. It has recently become aware that the Ministry of the Interior is developing a plan for underground construction in the country. The main objective of this plan - to provide sufficient public shelters and away from the surface of objects, which can carry out its functions under the ground. First of all, it will be shopping malls, sports arenas, swimming pools, museums and cinemas. This project will help free up large plots of land for housing and parks break. For this country underground construction - an urgent need because of limited land resources. In ancient times in Israel there were entire underground city. They were created by Nabataean civilization on the so-called "road of incense," crossed the Negev desert. But then, builders have pursued a different goal - to escape from the king in the desert heat, according to NEWSru Israel. The new underground construction can open a real Pandora's box. Need to bring the Land Code in line with new realities, because under the existing laws in Israel, the land owner is the owner of all that is beneath him - until the very center of the earth.