Recently Released Market Study: Israel Real Estate Report Q4 2013
Commercial real estate expansion is dependent upon a healthy macroeconomic environment. We project real GDP growth in Israel to come in at 3.7% and 3.8% in 2013 and 2014. Although the beginning of natural gas production in the Tamar gas field will ensure that growth accelerates compared with 2012, the domestic economy will remain in a soft patch, with austerity measures hitting private consumption hard. Poor economic growth will adversely impact the sector as it serves to dampen both property...
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