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Thousands of Planned Housing Units in Jerusalem, West Bank on Hold

(Ynet News) Ofer Petersburg - Despite the end of the West Bank building moratorium, the construction of thousands of planned homes are frozen in practice, Yediot Ahronot reported Monday. Recently Prime Minister Netanyahu informed the U.S. in advance of plans for 240 homes in east Jerusalem, thereby ensuring a minor American response. However, he apparently gave up plans for another 600 apartments in the Har Homa neighborhood of Jerusalem after the U.S. made it clear that this would put an immediate end to peace talks with the Palestinians. "This is a disaster for Jerusalem," a real estate source said. "The freeze of the past year will create an immense shortage of apartments within a year or two, and dramatic price hikes."
2010-10-18 08:36:17
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