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Economist predicting Israel house prices to go up

Last week we reported that the Bank of Israel dropped interest rates but were hoping it wouldn’t affect housing prices.

However, one leading economist has already spotted an upward trend. Haim Natan, Chief Economist with Menorah Mivtachim, comments that signs have been building in recent weeks that the fall in real estate prices has run its course.

Says Natan, “The Bank of Israel’s interest rate cut last month, supposedly meant to prevent the real estate bubble from bursting, seems to have succeeded in pushing the public towards investing in residential property once more, and is liable to set off a renewed trend of price rises.”

Here’s a full article from Globes with more info on current economic trends.

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