Conflict doesn’t hurt home prices long term, study finds
In Israel, war does not cool the real estate market.
Israel's assault on the Gaza Strip, Operation Cast Lead, lasted from 12/2008 through 1/2009.Once it was over, it took time for the real estate market to recover, there was a six-month slowdown., but once normalcy was restored, people rushed to buy apartments, and prices began to rise.
Between July and August 2006, all residents of northern Israel lived in air raid shelters, during the Second Lebanon War. It had an immediate impact on prices, but it had no long-term effect at all. Israelis are so used to conflicts that for them everything goes back to normal in just a few months.
No comments:
Post a Comment