Fishman: The price of apartments in Israel is about to rise by 10%.

Real estate developers Eliezer Fishman and Chaim Katzman, who both have investments around the world, in virtually every sector, were the first guests in "Globes" real estate forum. Eliezer Fishman is the controlling shareholder in “Globes”.

Is it not worthwhile investing at home now that the entire world is so stormy?

Fishman: There aren't any opportunities here. In the last recession in Israel (2001-2003) I had 400,000 square meters empty. In this recession I don't have 100,000 square meters empty.

Katzman: We don't sees any changes and if anything there is a strengthening. We are now seeing the shopping mall in Kfar Saba being occupied very successfully.

Fishman: The price of apartments in Israel is about to rise by 10%.. Nobody will build for a 4% margin. So either construction will stop altogether or the price will rise 14%. An apartment that you find today for NIS 1 million will be worth NIS 100,000 more, not in two years time, but in another five months