The open secret behind the rise in Israel's housing prices
When the conditions dictate it, investors use unreported money from Swiss accounts to invest in real estate in Israel, pushing prices higher.
Why have housing prices gone up? We're all familiar with the standard explanations, topped by the housing supply shortage and sharply declining interest rates in recent years that have led to a lower cost of money for regular buyers and a drastic reduction of alternatives facing investors. The latter examine various investment channels and ultimately conclude that the best one today is...
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