Kibbutzim and Moshavim transformed into residential areas.
This initiative is one of the most important measures taken by the government in recent years. Notably to quickly increase the number of apartments. The return of agricultural lands from the kibbutzim and moshavim to the state in order to transform them into residential areas.
One of the clauses allowing communities to sell their land rights to private real estate developers has made the process extremely beneficial for both parties.
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More and more kibbutzim and moshavim have generated tens of millions of shekels in recent years. By selling construction rights for a certain percentage of their agricultural land to real estate developers. Hundreds of housing units are expected to be built in these areas.
Some examples:
In November 2018, the developer Aura completed a transaction by acquiring construction rights on the land of Moshav Ben Shemen. For an amount of 45 million NIS. Particularly, in an area that can accommodate 500 residential units.
The Almog group, for its part, signed an agreement with Moshav Beit Nehemia on December 19 for the creation of 180 housing units for 180 million NIS.
In January 2017, the company concluded an agreement with the cooperative association of farmers in Beer Yaakov, regarding the construction of 290 housing units in West Ramla, in exchange for 27.7 million euros…
