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Booming housing market in Israel stokes fears of bubble


URL: http://www.jewishjournal.com/israel/article/booming_housing_market_in_israel_stokes_fears_of_bubble_20110222

Soon after Leora’s second child was born and she and her husband began looking for a larger home, Israel's new real estate reality smacked them in the face. Though the couple had bought a two-bedroom apartment in Tel Aviv six years earlier that had appreciated to $650,000, more than triple what they paid, they still found themselves priced out of the local market. One apartment in a basement underneath a parking lot was listed at $468,000.

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