World finance through a revolution in recent years. Dozens of organizations currently provide credit in any amount, for any purpose, thanks in part to a significant tailwind because evolving technology and low interest rates.

Conference on Real Estate Finance conducted yesterday (10.9), the Eretz Israel Museum in Tel Aviv by a "real center", discussed the many participants at the end of the era of "banking duopoly", after the day supplier credit the business sector commercial banks Murph had fallen 50%. On the one hand, there is far more competition in the field of finance and much more money vying for any entrepreneur. On the other hand, entry level goes down every day, and may enter the market - both entrepreneurial and financing - unwanted elements that may incorrectly price the risks and chances.

Dan Ktz'nobski, CEO of the Center for Real Estate, noted that the supply of credit in the market today promise I'm not a dream impossible to realize, and to some extent the power goes entrepreneurs, those entrepreneurs who have to deal qualitative and envision dozens of funders hungry " . Central junction in the industry, real estate Center yesterday launched a new platform deploys finance officials Map Israel . Ktz'nobski: "This product has not yet been seen before, and I certainly can BSR we are pioneers in the field, in recognition of the crucial need to generate the encounter between the real factors funding. From now on, based on two parameters that are important to you: the type of funding required and the type of transaction, you will know which address to contact without wasting precious time that is so important to you. "

Jacob Siso: "No government and no finance minister would not dare cancel the plan, which provides a huge chunk of the amount of supply of housing in the center of the country. Such a step would bump up the price of housing, and no government can afford it "

Prof. Leo Leiderman, chief economic adviser and senior Bank Hapoalim School of Economics at Tel Aviv University acknowledged that economists are writing new numbers today, after contact between zero interest and printing money, and inflation. Leiderman: "The problem is the old-world measures price increases according to the consumer price index. In practice, we see that inflation remains low, and what comes of these real estate prices, stock prices and bond prices."

And in front of such low yields in bonds, less than 1.5% for 10-year US Treasuries, negative interest bonds from Germany (0.68% for 10 years) and 16 trillion of bonds today traded negative yields (about a third of the world's bonds), Leiderman emphasized that investors are forced to seek alternative yields - art, antiques, hedge funds and real estate course. estimation Leiderman, given the low interest rate, low construction starts, and the exceptional growth of the population in Israel, Israel's housing prices are expected to continue to rise over the next year they will rise another 5% -6%, while investment in housing investment is absolutely legitimate. "

Galit Tepper, director of guidance and guarantees Phoenix real estate investment, noted the rapid growth in the provision of credit from financial institutions and other non-banking entities, not bound by stringent regulatory requirements such as banks and credit provision more flexible. However, given Douek, CEO swinging Services Finance admitted that the financing market "has to pay", which forced many organizations to think carefully whether they want to compete for every entrepreneur and every price. Eric GOULDIAN, CEO bonus Foundation, stressed the importance of providing creative credit solutions, that can make the difference between success and collapse of the project.

Jacob Siso, co-director of Keren Hayesod, explained where the game is professionalism. Keren Hayesod recently raised another 2 billion to extend credit in the market, "When you focus on residential construction, mainly for urban renewal and the developer can get the money even before he came back to the office." Ayelet Rusk, executive director of Urban Renewal Complex, noted that the assembly is "Credit Patrol", which can provide financing faster and more appropriate for any entrepreneur. Foley Tetro, co-CEO at Top Leader Capital, said that his company is focused on a niche among other things, purchasing groups, though in a stricter regulation, because of the need for extending credit to small households, but the distribution of risk exposure justifies his opinion.

And while high finance field competition, Rusk said that at least with regard to entrepreneurs is to feel that the market is cleared of many non-professional actors, and the Decade of urban renewal distilled entrepreneurs deserve only the margins see others ".

And what about the voices might announce the completion of the way of the plan 38? According Siso, "No government and no finance minister would not dare cancel the plan, which provides a huge chunk of the amount of supply of housing in the center of the country. Such a step would bump up the price of housing, and there is no government that can afford it. "