Israel housing prices rising at 3rd-fastest pace in world

Despite the recent social justice protests, Israel has held on to its spot as the third-hottest housing market in the world, according to a survey by CNBC, based on data from real estate agents Knight Frank. The survey found that housing prices in Israel jumped more than 21percent in 2009 and16% in 2010.
Israel ranked third with a five-year growth of 54.5%, bumping Singapore into fourth place with five-year growth of 50.5%, but well behind China in top spot with five-year growth of 110.9% and Hong Kong in second place with growth of 93.7%.
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