Tel Aviv, July 9 -- Israel's Ministry of Construction and Housing is promoting a new government plan to regulate the rental market in Israel with, for the first time, a large-scale strategic plan in the industry that currently serves about a third of the public in Israel -- about 2 million renters -- with an estimated financial volume of about 46 billion Shekels (USD 13.7 billion) per year, with the goal of building 40,000 new rental units by 2030.

Israel does not have privately owned all-rental apartment buildings as there are in many other countries such as the US.

Among the plan's recommendations: Establishing a professional unit in the Ministry of Construction and Housing to manage the rental market and lead an overall policy.

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