Israel Real Estate Market Ranks No. 1 Worldwide
Israel’s real estate market currently ranks at number one worldwide after adjustments, but Bank of Israel Governor Stanley Fischer is taking measures to ensure the bubble does not burst.
According to an article published in the
Global Property Guide, a trade magazine that monitors the world housing market, Israel’s housing prices rose sixth-fastest among 36 countries in the second quarter of 2010.
After adjustments in the top five countries for economic crashes and rebounds, and reviewing the data for the past two years, concluded the magazine, Israeli real estate ranked number one.
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