Wednesday, September 21, 2011

Governor of the Bank of Israel: Home prices could double in 5 years

Furthermore, He said that it was necessary to deal with the housing supply and bureaucracy.

"Why are we worried"?Stanley Fischer asked:" Because prices are rising by 16%, which means that prices will double within five years. This has to stop. The question is whether it will stop in a way that won't harm the economy,"

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