Tuesday September 23, 2014
Israel Hayom
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23.09.2014
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Central bank warns housing market ripe for mortgage crisis

Bank of Israel: Housing market in Israel contains more risk than in Europe or the United States • Between 2008 and 2012 the average price of a home increased by about 54 percent, while average household income increased by only 20%.

Zeev Klein, Hezi Sternlicht and Israel Hayom Staff

Building bubble about to burst? Construction in Rishon Letzion [ILLUSTRATIVE]
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Photo credit: Ami Shooman
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