Steinitz: Housing prices likely to drop by end of year

24.07.2011                      22.Tammus, 5771

Vorhersage:

Steinitz: Housing prices likely to drop by end of year

Finance minister says gov't trying to close a 10-year delay over housing issue, people who think problem can be solved quickly are "mistaken."

Finance Minister Yuval Steinitz on Sunday morning told Israel Radio that the government has been discussing the housing shortage for almost two years and people have already begun to feel the effects of cost regulations in housing across the country. 
Steinitz estimated that housing prices will drop by the end of 2011 or early 2012….