Israel's National Economic Council is considering reforms to limit banks' influence over apartment pricing, aiming to address high housing costs and a surplus of unsold homes. Avi Simhon, the council's head, has proposed that banks should no longer be able to prevent developers from lowering prices after financing agreements are signed. Currently, banks often require developers to seek approval before offering discounts, a practice that discourages price reductions. The proposed changes come as the country faces an oversupply of new apartments and declining demand.