Israel’s Fischer highlights risk of Israeli housing bubble

stanley-fischer

Stanley Fischer, the governor of the Bank of Israel, on Monday said the current rise in Israeli house prices was unsustainable and warned it could lead to a property bubble crisis similar to the one that sparked the global recession.

At the 19th Caesarea Economic Policy Planning Forum, Fischer said: "House prices have been increasing rapidly in recent years. This is a result of both an extended decline in prices since the end of the 1990s as part of the natural cyclicality of the sector, and of

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