Real Estate | 11 Iyar 5768, May 16, '08 | |
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Published: 02/14/07, 9:48 AM
Boom Times for Israel's Luxury Property Market(IsraelNN.com) Israel's high-end real estate market is sizzling, and even attracting developers such as Donald Trump., who plans to erect a 70-story Trump Plaza Tower in Ramat Gan, just east of Tel Aviv.
Foreigners, including Americans, Brits and French, account for 30% of the luxury market, estimates Hanan Schlesinger, managing director at one of the country's largest real estate agencies. Foreigners have sunk more than $1 billion in Israeli real estate in 2006, much of it in the housing market. Click here to receive our free Daily Israel Report © A7 Syndications - This article may not be republished freely. Written and oral arrangements prior to April, 2007 must be reconfirmed. If you are republishing A7 material, please contact us promptly.
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