Inflation Index Adds to Cost of Buying Homes in Israel
The government created the Building Construction Index to protect all parties’ interests. When someone purchases an apartment in a project under construction, the unpaid portion of the price becomes linked to the BCI. Parenthetically, buyers who are risk averse can often accelerate their payment schedule and prepay the lion’s share of the purchase price, thus limiting their inflation risk. [Gedaliah Borvick].
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Business & Finance, Gedaliah Borvick, Middle East