INTERNATIONAL REAL ESTATE ASSIGNMENT

International Real Estate assignment

International Real Estate assignment

Introduction

Israel has been able to come through the global economic crisis relatively unscathed. Notwithstanding a severe downturn of real estate prices in the United States and in many other Western countries, the prices of real estate in Israel have continued climbing reaching unprecedented levels recently. The constant rises in real estate prices have caused longstanding concern to the Bank of Israel, and to its highly-respected Chancellor, Stanley Fisher (Gazit, 2007). Both the Bank of Israel, the Ministry of Finance and the relevant other ministries realized that steps must be taken to cool ...