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Israel: Overseas investors to suffer most from changing mortgage rules

Posted on 15 November 2010

From Haaretz.com: Desperate to stop the upward spiral of housing prices in Israel, the Bank of Israel has been changing the rules governing mortgages. The ones who will suffer the most from the changes will be overseas investors purchasing vacation homes or other properties in Israel.
Foreign buyers tend to cluster in specific areas. Property values in such areas are very likely to drop because of the new rules that are raising the cost of mortgages……………………………………….Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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