Attias: Real Estate prices went up 40% in past two years

By JPOST.COM STAFF
November 30, 2010 14:47

 
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Construction and Housing Minister Ariel Attias gave a presentation to the Knesset Finance Committee on Tuesday, saying that according to the Department of Economic Research, housing prices went up 40 percent between 2008 and 2010, Israel Radio reported.

Attias added that next week a debate will take place at the Israel Land Administration where incentives for building will be discussed. According to Attias, young couples today are "mortgaging their lives" to buy an apartment.

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