Forbes Predication For Real Estate

“Forbes” states that although the global real estate market is softening as credit reservoirs dry, a few spots are poised for growth.” The magazine rated Israel as the world’s most “up-and-coming” real estate market.
“Forbes” notes, “Israel’s real estate market struggled in the late 1990s and early 2000s as the country struggled with deflation. As late as 2006, market weakness had pushed prices down four percent, according to Knight Frank, a London-based real estate research company. But previous year prices climbed two percent. That is expected to continue, given the country’s robust five percent growth in gross domestic product and approx four percent projection for this year, according to the International Monetary Fund.”