Articles - Sunday, September 28, 2008 17:56 - 0 Comments

Did you say bubble ? where, when ?

The financial markets around the work have been a little out of air in the last year or so and in location such as United States and the UK they have been slipping along side to the real estate, but in Israel the real estate has remained stable. Can the real estate prices stay high against the recent world economic downturn ? and why did Forbes select Israel in April 2008 as one of the worlds most promising real estate markets, in the middle of a economic crisis ?

Just as an example, if we think that apartments in Tel Aviv have doubled there value, selling today at $3,000,000 and up the surrounding such as Ramat Gan, Givatayim and even further away locations such as Em Ha`Moshavot neighborhood in Petach Tikva has gained 50% in property value over the last two year (4 room apartment in a 21 floor building was initially purchased for 850,000 to 1,000,000 NIS and now selling for upto 1,500,000 NIS without the seller tacking another breath.

This all sound so assuring, but is it ? here are a few pointers around why Israel real estate is sailing ahead in rough waters.