Jerusalem one of the hottest markets

Jerusalem view from western suburb

Jerusalem view from western suburb

Home sales in June jumped 57% this year, 2009, compared to last year as Israel continues to be one of the world’s strongest markets. Jerusalem had the highest percentage of sales with 30% of the nations closed real estate deals.

A slowdown in the pace of new construction, according to the central bureau of statistics has forced an increase in demand with prices 5.5% more than 3 months ago. Demand due to population growth in the Israeli birthrate and increased aliyah with greater interest from investors abroad has caused experts to forecast home prices will rise 20%-45% in the next two years.

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