According to the Knight Frank Global House Price Index, Israel’s real estate market was one the world’s strongest over the year ended 30 September, 2009 and the only market in the world to record double digit growth over the period.

Knight Frank’s head of residential research Liam Bailey said that while housing prices rose in nearly 70% of the locations in the index during the third quarter (compared with the second quarter), “There is still, however, a clear polarisation from the top to the bottom of the table.

Israel remains the best performer on an annual basis, and the only one to have recorded double-digit growth +13.7% during the past 12 months.” he commented.

Bottom of the list was Dubai due to its debt issues and subsequent loss of confidence by investors.

_{(Issue February 2010)}