Standard of Living in Israel - Housing

Housing

Since its establishment, the State of Israel has declared that adequate housing for all residents is a matter of the highest priority. Massive budgets have been invested in solving housing problems, and construction is one of the country's most important industries. Residential construction accounts for a large share of the economy in terms of both investment and product. Nearly half of the state's development budget is earmarked for housing. In 1992, residential construction investment consumed 6.2 percent of the GNP.

Most Israelis live in apartments. According to the Israeli Central Bureau of Statistics, 33% live in three-room apartments, 28% in four-room apartments, and 13% in five-room apartments. CBS statistics also showed that 5% live in one-room apartments, while only 0.6% of Israelis live in a property with eight rooms or more.

In 2006, it was reported that approximately 3,000 Israelis are known to be homeless. According to the Social Affairs Ministry, 70% of homeless people are childless Soviet immigrants and alcoholics, while the remaining 30% are either homeless due to their economic situation, or were mentally unable to live in a home due to irritation with being surrounded by walls and ceilings. The survey also found that every year, 2,000 families are evicted from their apartments following their inability to repay mortgage payments.

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