Israel acts to avoid housing crisis

bank-of-israel

The Bank of Israel has announced new rules which attempt to stem what it suspects is a property bubble.

The rules, which came into force on Thursday, limit the part of a housing loan  issued at a variable rate of interest to one third of the total loan. The limit applies on new variable-interest-rate housing loans where the interest rate is likely to change in a period of less than five years.

The central bank is concerned that borrowers' overreliance on variable rates risks sparking a wave of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: