Archive: 2/11/2013
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  2/11/2013, Adar 1, 5773

Treasury: There May be Hope for Lower Home Prices


After another year of near record demand for housing, there are signs that voracious appetite of Israelis for apartments and homes may be calming down. In January, the Finance Ministry said, there was a slight downturn in closings in real estate deals, the continuation of a trend that began in December – which is the result of a change in policy by the Bank of Israel, which has instructed mortgage banks not to provide preferred conditions to investors who already own homes, leaving the benefits for families that do not yet own a home.