With the housing market doing not to well in the land of opportunity, Israel seems to be singing a different beat when it comes to its national real estate market.
(Israel National News) Forbes business magazine has rated Israel as the world's most "up-and-coming" real estate market, according to Globes online business magazine. Forbes projects positive growth in the future, stating "macro conditions in Israel favor more wealth creation, as the economy has corrected its deflation problems and grown at a 5% rate for two years."
For some strange reason, the Israeli's have been largely unaffected by the general slump occurring in the global market (something that is honestly quite baffling).
Does anybody have any good guesses as to why?
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