Live Update
From the Liveblog of
Monday, January 11, 2016
Justice minister opposes rent control legislation
Justice Minister Ayelet Shaked says today she opposes legislation that would impose rent controls in Israel’s housing market.
The bills being advanced by Zionist Union and Kulanu MKs would set up a rental registry that would enable the government to enforce rent prices.
But the bills would be “more a curse than a blessing,” Shaked says at a press conference today.
The added layer of bureaucracy proposed by lawmakers Stav Shaffir (Zionist Union) and Roy Folkman (Kulanu) would only further stifle an already choked housing market, she argues. “European countries have seen that these sorts of controls actually lead to higher rents,” she said.
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