Israel's Housing Bubble Continues to Inflate - Investment News ...

The heightened activity by property acquisition groups has inflated apartment prices, according to the Real Estate Appraisers Association (REAA). • Israel's housing market continues to suffer from a supply shortage. .... In May 2010, Israel became a member of the Organisation for Economic Co-operation and Development (OECD), the exclusive rich-man's club. GDP growth for 2010 is projected at 3.9%, with the recovery expected to be sustained at 4% in 2011 - higher than the ...

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