Israel’s Fischer highlights risk of Israeli housing bubble


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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