About 53 percent rise in foreign investment in Israel's real estate market.
American, Chinese and European companies are negotiating investments to the tune of USD 100 million in Israel’s real estate market, the head of union for construction contractors, Aharon Cohen, said Sunday.
Data published by the Housing Ministry show a 53 percent increase in foreign investments in the real estate market in 2005 in comparison to 2004. In January 2006, foreign investments in the market rose by 12 percent in comparison to the same month last year.
In 2006, NIS 115 million (USD 25 million) were invested on average every month in comparison to a monthly average of NIS 14 million (USD 30.4 million) in 2001.
