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Thursday, August 24, 2006

Real Estate Prices Stay High Despite War

Expensive real estate property remains high despite the war, according to an apartment price list editor quoted by Globes. Levy Yitzchak said the prices have remained stable as far north as Netanya."So far, there have been no cancellations in the central region of deals in the pipeline," he explained. "Moreover, even foreign investors with six-figure investments have not suspended their plans." He found there has been an increase in demand for smaller apartments in the Tel Aviv area.