The Fast and the Furious: Eager Buyers Driving Up New Home Prices in Israel

Newly built homes are being snapped up quickly, with 40% selling within two months of being put on the market, leaving many others exasperated.

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Two weeks ago, the real-estate market received a nasty shock: The housing price index for March-April rose by 1.2% and hit its highest level since the end of 2013. This made the rise in housing prices in the...