24.2% of the public's money is invested in shares. Just this week we were informed by the Bank of Israel that in the wake of the high increases of the stock exchange, since the beginning of 2006 the property record of the public got raised up in 94 billion NIS. The public, which was sitting on the fence, at the meantime gained over its investments in the capital market. The low dollar rate encourages many, perhaps psychologically, to give a visit to the real estate companies, the construction sites and the fancy sales offices next to it. The mortgages interest is in historical slump. In spite of the war of last summer, apparently the Israeli public is optimistic. Indeed the flourish and relatively high decreasing prices that are felt at the moment in "Gush Dan" have yet to have reached our area, but has to keep in mind that we haven't felt significantly the deceleration of the market in the years when the new construction was almost stopped, the sells second hand apartments in many areas of the country was slowed down, and the prices were decreased in many areas but our own. It is hard to believe that the construction market is just coming out of a longer than ten years recession. Here, in our little bubble it's hard to believe that the state of Israel facing the end of the most difficult years on the real estate market that even known. We meet more & more new faces in the coffee shops & restaurants, the bank & post office, kinder garden & school, parks & synagogue. There are many buyers in Zichron Yaacov, Binyamina - Givat Ada, Pardes Hanna Karkur, Caesarea and the surroundings. The real estate market in our area is hot.
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