Be’er Yaakov Is the Hottest Spot in Israel for Latest Housing Lottery

'Buyer’s Price' program meant to provide more affordable housing closes its sixth lottery, drawing 18,600 participants for projects in 19 cities

A housing project under construction in Kiryat Motzkin, June 25, 2018.
Doron Golan

Mechir Lemishtaken, the “Buyer’s Price” program meant to provide more affordable housing, closed its sixth lottery on Thursday, drawing 18,600 participants for projects in 19 cities.

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Nazareth Ilit, which was to be the 20th city in the lottery, pulled out after its mayor asked to postpone it, as building plans had not been accepted in advance of the lottery date, and a decision on preparatory works for designated lands had not been advanced.

Finance Ministry statistics indicate that the most popular communities were Be’er Yaakov (8,056 registrants for 1,245 apartments), Nes Ziona (3,783 registrants for 162 homes), Ashkelon (2,529 registrants) and Netanya (2,483 registrants).

In Be’er Yaakov, 246 homes were designated for adult children of local residents, but only 220 qualified people applied, so they are highly likely to win. Nine hundred ninety-nine apartments were set aside for 947 preferred applicants who had registered for previous lotteries. Over 7,000 people had to compete for the remaining homes.

Modi’in also drew particular interest, with 7,724 people registering to get the preferred price for just 134 apartments. Beit Shemesh continues to attract applicants, particularly from the Haredi community, despite having participated in several lotteries. Some 2,500 applicants are vying for 86 homes.

In contrast, Nahariya is struggling, with only 305 participants in the lottery for 386 apartments.