One out of three apartments purchased during the second quarter of 2009 were bought for the purpose of investment as record low interest rates and volatile stock markets prompted investors to switch course, the Israeli Finance Ministry reported .
The percentage of apartments bought for investment reached a record following years of continued growth since 2002, when the rate stood at 22 %. In the second quarter of the year, 33 % of all purchased apartments were bought by investors," said the Finance Ministry.
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