Israel’s foreign minister has warned that the country’s housing market is in a crisis, but that the government will not be able to buy a house.
Foreign Minister Avigdor Liberman told reporters that Israel’s “housing crisis is real and will persist for years to come” because of its large population of expats.
“Israel has an aging population,” he said.
While he noted that the economy is “not strong”, Liberman also said that “the government will have to deal with a very large housing crisis”.”
The country’s population is ageing, and in some years the rate of ageing will surpass that of the average European country.”
While he noted that the economy is “not strong”, Liberman also said that “the government will have to deal with a very large housing crisis”.
He said he did not expect the government to buy an Israeli home any time soon.
“I think that the current government has to decide between the current situation and the long-term future of the housing market,” he told reporters in Israel’s capital, Tel Aviv.
“There is a problem with the economy, and it is not just the housing crisis that we need to deal to.”
Liberman was asked if the government would be able afford to buy.
“We don’t want to sell out,” he replied.
“But we have to decide on the long term and what is the right price.”
The foreign minister also said he believed Israel would need to sell some of its land in order to keep the population growing.
But he added that this was not “going to be a simple process”.
“It will take time,” he added.
“We are not going to sell our land in the next few years.”
But Liberman’s comments come after a report by the US-based Institute for Policy Studies said Israel’s housing situation is “fraught with problems”.
“The housing crisis has become a significant issue in Israel,” it said.
“There are no signs of any easing in housing shortages, which have forced many Israelis to take on huge mortgages.”
The Israeli economy is suffering, and the housing sector is struggling to meet the growing demand for housing.
“Liberman has previously accused Israel of having “a massive housing bubble”.
But the government said in its recent budget that it had built a “critical” housing system.
The Israeli Housing Authority has warned the government that it has a “limited supply of homes”, which has led to “unusually high prices”.
But it added that its goal was to build “a sustainable housing stock”.
The ministry has also said it would not allow the sale of homes until the next year.
The government said it was also seeking to build 10 million homes by 2020, with a target of 20 million by 2025.
It also said construction in areas where it was struggling to build would increase.
But in a speech on Wednesday, Liberman said that Israel was “well placed” to overcome the housing shortage, but added that it would be up to its citizens to “take care of themselves”.”
We cannot afford to continue to build these housing units without making sure that the people living in them have the means to live there,” he wrote in an op-ed published by Haaretz.”
It is time for us to take responsibility for our citizens, and that is why we have already begun to build a critical infrastructure for building a stable, sustainable housing market.