22.06.2011 - Israel: Real estate market still risky
"They say that we have a real estate bubble. There is still a sense that we're at risk. The attention of mortgage holders should be drawn to what they are doing, because the process that is creating this bubble is a process of home prices that feeds on itself," Deputy Governor of the Bank of Israel Prof. Zvi Eckstein said. He added, "Our goal is to prevent bubbles. We're not talking about sledgehammers; our policy is careful and cautious. The Bank of Israel won't let a bubble emerge.".............................................Full Article: Source
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