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Israeil: Real estate credit crunch looms

Posted on 20 September 2011

The banks are afraid: credit for residential construction has dried up and provisions for doubtful debts have soared.
Please note the number 530. It is the number that indicates the change that is unfolding in the real estate market. NIS 530 million is the banks’ provision for doubtful debts in the second quarter of 2011……………………………………….Full Article: Source


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


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