Land Developer Eldad Peri said at the Calcalist Real-Estate conference: "In Israel, it takes many years to obtain land rezoning permits- to turn agricultural into construction land- while in Africa it only takes about 3 months".
"In Africa, we can complete the construction of a ground-level 100sqm house in 3-5 days. This is a regular house- with proper electricity infrastructure". These are the words of real-estate developer Dr. Eldad Peri, the owner of the Eldad Peri Group, at the Calcalist Real-Estate and Infrastructure conference in Tel-Aviv. "This could also happen in Tel-Aviv, if the regulation demands were somewhat moderated. Till then- it will keep happening in Africa."
According to Peri, while in Israel it takes many years to obtain the rezoning permits from agricultural to construction land, in Africa this only takes 3 months. "The construction work is taking place at phenomenal speed".
Peri also added that "There are opportunities in Africa. Developers are allowed to initiate and be involved. I often wonder, if I had lived here in the 80's, before everything was formed and built, would I have also been able to be a business entrepreneur? Currently, Africa is a fertile land for entrepreneurship. In Israel I could only dream of building 50,000 apartments, while there this is simply happening. They let you do it."
