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Israel: Housing market seen to be cooling off

Posted on 02 December 2010

From Jpost.com: There is increasing evidence supporting the feeling that the housing market is threatening economic stability, with the government and the Bank of Israel taking steps aimed at cooling the overheated property market.
Israeli housing prices have surged by some 51 percent since 2007 and by 20% in the past year. The latest evidence of concern regarding the possible impact of the real estate market on the economy came with the announcement of measures by Prime Minister Binyamin Netanyahu earlier this week aimed at lowering property prices……………………………………….Full Article: Source


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