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Meitav: Israeli real estate market entering multiyear slowdown

Posted on 05 September 2011

If the government keeps its promises to expand the housing supply, we’ll have good reasons to believe that the market could see a slowing in the rise in prices.
Meitav Investment House Ltd. chief economist Ron Eichal believes that the Israeli real estate market has entered a slowdown that will last for years, and that home prices may fall. His conclusions are based on last week’s housing figures published by the Central Bureau of Statistics, which showed an increase in housing starts in the first half of 2011, and the social protest, which could affect the market……………………………………….Full Article: Source


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