Israel, despite perennial fears of war, has emerged as one of the hottest - and least likely - property markets in the world: Since real estate collapsed around the globe in 2008, at least one industry watchdog lists it as the fastest-rising property market on earth.
But with global economic meltdown - and the subprime mortgage fiasco that precipitated it - still fresh in people's minds, officials are stepping up efforts to rein in its overheated property sector. The fear is that a property bubble could shake confidence in an economy that withstood the worst of the world's financial crisis.
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