Israel Resumes Discount Housing Lotteries for Existing Homeowners
Translated & summarized from NEWSru Israel by baba
Israel has reinstated eligibility for existing homeowners in the "Discount Housing" lottery program, allowing them to purchase properties at below-market prices. Winners must sell their current homes within a year. The program offers 102 apartments in peripheral cities like Beit She'an and Dimona, with prices varying by location and size. Registration is open for 10 days.
The story in 6 lines · by baba
- Existing homeowners can now participate in Israel's "Discount Housing" lottery program.
- Winners must sell their current homes within 12 months of moving into a new lottery apartment.
- 102 apartments are available in Beit She'an, Dimona, Haifa, and Harish at discounted prices.
- Prices for a three-room apartment range from approximately 488,000 to 842,000 shekels.
- Lottery winners in Beit She'an and Dimona will receive grants of 60,000 and 40,000 shekels respectively.
- Registration for the lottery is open for 10 days on the program's website.
Israel has reopened participation in the "Discount Housing" lottery program to homeowners, a change from a policy enacted three years ago that had previously restricted entry to those without property. This adjustment is expected to enable thousands of families, who no longer qualify as first-time buyers, to purchase homes at prices significantly below market rates. Winners of the lottery will be required to sell their current residences within 12 months of moving into their new homes.
The majority of the apartments currently available through the program are located in peripheral cities. A total of 102 units are being offered in Beit She'an, Dimona, Haifa, and Harish, with prices ranging from 4,090 to 12,400 shekels per square meter before VAT and discounts. A three-room apartment in Beit She'an is priced at approximately 488,000 shekels, in Dimona at 581,000 shekels, and in Haifa at 842,000 shekels. Larger apartments in Harish include a five-room unit for 1.634 million shekels and a six-room unit for 1.894 million shekels.
Lottery winners in Beit She'an will also receive a grant of 60,000 shekels, while those in Dimona will receive a 40,000 shekel grant. Registration for the lotteries is open for 10 days on the program's website. Prospective participants must obtain eligibility confirmation from one of the authorized companies: Alonim, Milgam, or Ma'of.
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