ISRAEL-ECONOMY-CONSTRUCTION-HOUSING

A picture taken on September 17, 2014 show new high-rise residential apartment buildings under construction in Ramat Poleg, a neighbourhood of the Israeli Mediterranean coastal city of Netanya. The Bank of Israel has undertaken a series of steps over the last two years to discourage home buyers from taking out mortgages, but has faced a conflict of policy interests as it tries to shore up flagging economic growth and weaken an over strong shekel. As a result, it has lowered its base lending rate twice in July and August to a record low, making borrowing even cheaper. AFP PHOTO / JACK GUEZ (Photo credit should read JACK GUEZ/AFP via Getty Images)
A picture taken on September 17, 2014 show new high-rise residential apartment buildings under construction in Ramat Poleg, a neighbourhood of the Israeli Mediterranean coastal city of Netanya. The Bank of Israel has undertaken a series of steps over the last two years to discourage home buyers from taking out mortgages, but has faced a conflict of policy interests as it tries to shore up flagging economic growth and weaken an over strong shekel. As a result, it has lowered its base lending rate twice in July and August to a record low, making borrowing even cheaper. AFP PHOTO / JACK GUEZ (Photo credit should read JACK GUEZ/AFP via Getty Images)
ISRAEL-ECONOMY-CONSTRUCTION-HOUSING
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Credit:
JACK GUEZ / Staff
Editorial #:
455583930
Collection:
AFP
Date created:
September 17, 2014
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License type:
Rights-managed
Release info:
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Source:
AFP
Barcode:
AFP
Object name:
Nic6371109