Israel has one of the world's hottest property markets according to "Global Property Guide." In the year ending March 31 2013, "Global Property Guide" reports that average home prices in Israel rose 6.34%, the ninth largest rate of home price rises of any country surveyed. Half of the rise - 3.12% - was in the first quarter of 2013, the seventh largest rise of any country over that period.
In the year ending March 31 2013 Dubai had the largest rise in home prices - 28.02%, followed by Hong Kong with 20.14%.
"Global Property Guide" writes, "The Middle East 's housing markets remain strong. Dubai, UAE, is the world 's best performer. Dubai 's house prices soared by 28.02% during the year to Q1 2013, in sharp contrast with the 1.01% year-on-year decline seen during the same period last year. Likewise in Israel, the average price of owner-occupied dwellings rose by 6.34% during the year to Q1 2013, after year-on-year increases of 4.12% in Q4 2012 and 3.14% in Q3 in 2012, and declines of 0.46% in Q2 and 3.33% in Q1 2012."
Published by Globes [online], Israel business news - www.globes-online.com - on June 20, 2013
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