JERUSALEM (AFP) -- Israel is poised to approve incentives for buyers of nearly 1,000 new homes in annexed East Jerusalem despite a major US push to revive peace talks, reports said on Sunday.
The plan, which will offer prospective buyers a huge discount on 930 new homes to be built in Har Homa, will be discussed by Jerusalem municipality's finance committee on Monday, army radio and the Maariv newspaper reported.
The reports emerged as US Secretary of State John Kerry was wrapping up an intensive four days of shuttle diplomacy toing and froing between Israeli Prime Minister Benjamin Netanyahu and President Mahmoud Abbas in a bid to coax them back to direct negotiations.
If approved, the plan will lower the price of each new home by 100,000 shekels ($27,500) in a move which will be funded by the housing ministry. more