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Israel's Residential Real Estate Market
In the last few years, Israel's residential real estate market experienced significant price increase. Since the beginning of 2007, prices rose by approximately 104%, and the positive trend maintained during the whole period. It seems that the main reason for this trend is the supply side shortage, which was created due to lower construction volumes in the first decade of this century. Other factors that might explain the phenomenon are the expansion in the monetary policy, which the BoI started to implement since the last crisis eruption; lack of alternative investment options; and more.
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