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Israel’s housing market poised for hard landing

Posted on 13 January 2012

“Israel’s housing market is poised for a hard landing, despite two recent Bank of Israel interest-rate cuts,” says “Global Property Guide” in a review of the Israeli market, and changes in home prices, rents, home sales, and mortgage interest rates over the past decade.
“The slowdown has hit,” says “Global Property Guide” about home prices, noting that after a 22.4% rise in homes prices in 2009 and 17% rise in 2010, prices fell by 3.27% in the third quarter of 2011, compared with the preceding quarter - the second consecutive quarter in which prices fell, after an 0.83% drop in the second quarter……………………………………….Full Article: Source


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