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Fischer: We won’t let a real estate bubble develop in Israel

Posted on 05 November 2010

From Globes.co.il: Talking about the Bank of Israel’s commitment to deal with problems in the real estate market, Governor of the Bank of Israel Stanley Fischer made rare use of the word “bubble”: “We won’t let the Israeli economy develop a real estate bubble and as a result develop problems in the fiancial market we will prevent this,” he said.
On the basis of the Bank of Israel’s Inflation Report, Fischer estimated that rents would rise 6-8% next year……………………………………….Full Article: Source

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