29.05.2011 25.Ijar, 5771 Tag 40 des Omer
Study: Homes too expensive for 70% of Israelis
Last October, Bank of Israel Governor Stanley Fischer tightened mortgage lending terms for loans larger than 60% of the asset's value.
Only the richest 30% of Israelis can afford to buy a home and take out a reasonable mortgage to do so, according to a Technion study.
Dr. Danny Ben-Shahar and Yakov Varshavsky, of the university's architecture and town planning faculty, will present their research tomorrow at a Tel Aviv University conference….