CNBC places Israel third behind China and Hong Kong on five year home price rises despite a reported 1.2% fall in 2011. Despite the affordable housing protests, Israel is holding on to its spot as the third-hottest housing market in the world according to a survey by CNBC, based on data from real estate agents Knight Frank.
The survey found that house prices in Israel jumped more than 21% in 2009 and16% in 2010………………………………………..Full Article: Source