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Israel’s overheated housing market rouses concerns

Posted on 05 November 2010

From Bellinghamherald.com: The global financial crisis has left Israel’s real estate market with a problem most U.S. homeowners only dream about: Property values are rising too fast.
Fueled by record-low interest rates and a shortage of new construction, average real estate prices in Israel are up nearly 30 percent since the start of 2009, according to government and industry statistics. Global Property Guide, a trade magazine, recently ranked Israel as the world’s hottest market in the two years ending in June……………………………………….Full Article: Source

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