News:Argos:Eastward ho!

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REAL ESTATE Israel has become a very small pond for local real estate developers, so over the past ten years most of the country's large real estate development companies have been busy promoting their activities overseas.

Until recently, the majority of these activities were in established markets in the US, UK, Germany, Spain etc. Now, though some companies are still investing in Western Europe and North America, the bulk of these activities has shifted eastward to Central and Eastern Europe, to countries which were behind the Iron Curtain until the 1990's.

In the future, Israeli capital may drift further east - to India, China and other countries in the Far East and the Pacific Rim, but for the moment East-Central Europe is the favorite.

Jerusalem Post



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