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Lieberman: "The issue of housing can not be resolved in a week, this is the legacy we received"
In a radio interview with 103FM, the finance minister said that in addition to the bad legacy they received from the previous government, the low interest rate is also a reason for the increase.
"This is the impetus for those many mortgages the public has taken out since May"
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Avigdor Lieberman
Housing prices
Walla!
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Tuesday, 16 November, 2021, 08:05 Updated: 08:07
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In the video: Lieberman announces a package deal to raise the minimum wage (Photo: GPO)
Finance Minister Avigdor Lieberman said this morning (Tuesday) in an interview on Radio 103FM that the rise in housing prices in Israel is related to the low interest rates, which are, among other things, dictated by the United States to the rest of the world.
"The low interest rate is the impetus for those many mortgages that the public has taken out since May, which we have broken records since the destruction of the Second Temple," he said.
But the finance minister said the low interest rate was not the only reason but also the legacy they had received from the previous government.
"I am obliged to tell only the truth, and this is the legacy we received. This government was formed in June this year, and to meet the demand, the state must build at least 60,000 housing units each year. What was built in 2020 is less than 48,000 units, there is a continuous backlog. ".
Lieberman said the reason for the rise in prices in addition to the inheritance they received is "undoubtedly the lowest interest rate. It is the impetus for those many mortgages the public has taken out since May, which we have broken records since the destruction of the Second Temple."
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Lieberman (Photo: Knesset Spokeswoman Noam Moskowitz)
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