Bank of Israel worried about rising home prices

10.10.2012                      24.Tischrei. 5773                      Isru Chag

Wirtschaft:

Bank of Israel worried about rising home prices

The Bank of Israel's Monetary Committee is concerned about the risk of rising home prices, the minutes of the panel's last interest-rate-setting meeting reveal.

The minutes, which summarize deliberations that took place September 23 and 24 and were published yesterday, show that committee members were concerned that the Israel Lands Administration was tendering land for development at an increasingly slower pace….