The global markets have been limping back to normalcy after the crippling blow of the economic meltdown and the dismal, unsteady performance of the real estate market in most parts of the world is indicative of the fact that all is not well. In stark contrast to this grim picture is the Israel real estate market which registered the third strongest growth in property prices. Today, the Israel real estate sector is pegged to surpass the mark set in previous years by several billion dollars, with buyers pouring in from the United States, France, England and other European nations.

So, if you are still mulling over the prospect of owning a prime piece of Israel real estate, here are eight reasons why you need to get online right away and visit a site such as Israel Real Estate Biz (see below) to get more information.

The market is hot: While a large part of the investor pool comprises of Jews from across the world who want to own a home back in Israel; there are also buyers from France who would like to hold on to Israel real estate as a hedge which will protect them in case of bleak economic conditions in Europe.

As opposed to this, many English buyers are simply investing in Israel real estate because they would like to enjoy the beautiful beaches and sunny weather at affordable rates. With so many buyers in the market; while the rates have spiked up considerably, this also equates to better returns on the investment.

The Economic downturn: While most countries across the world are still trying to control their dwindling economies, Israel was spared the wrath of the economic downturn. As a matter of fact, the country's economy and key indicators such as employment rates, inflation, GDP etc are very promising.

So, while real estate rates have plunged in most other parts of the world including economic powerhouses such as the US, Spain, Russia, Emirates etc, Israel real estate still has many takers, some of who are willing to overpay for Jerusalem real estate in a neighborhood of their choosing. The best part is that there seem to be no overt or clandestine reasons to assume that the trend will reverse in the foreseeable future.

The yield: Given the fact that most properties in the country are fetching their owners an annual investment yield of an astounding 10% means that many investors would be happy to buy in the country simply by virtue of the profitability of the venture. The scenario is exceptionally bright in Jerusalem neighborhoods such as the German Colony, Baka, Rechavya, Katamon, Talbiya and even Nachlaot.

However, the truly unprecedented demands are reserved for Sha'arei Chesed. If you are not keen on burning a hole in your pocket, you could simply shop across the street from Baka in areas such as Arnona and Talpiot. Outside Jerusalem, while Netanya and Ashdod are strong English and French strongholds respectively; other areas are equally attractive such as Sderot Nizan and Caesarea. If you are not sure where to buy, make more research by visiting sites as Israel Real Estate Biz

Properties can be rented out: Depending on the area that you buy in, most properties can quickly be rented out generating a sizeable income for its owner who only intends to use the premises for a few days a year.

The demographics and demand: Because Israel is a small country; residential space is a hot commodity and every piece of land counts or will count in the near future. So, the risk of market over saturation is not just limited but practically non existent, as most Jews living in Europe and North America try to maintain their roots in the country that can be revisited in case of a crisis.

The price: While there are obvious signs of the real estate demand graph heading north, the prices are still shockingly affordable when compared to the rates of prime real estate in some other countries. For instance, residential areas across the coast of Israel are hot and will not break the bank.

When compared with the price of buying an apartment in some of the other metropolitan areas of the world such as London or NY, you could actually purchase several apartments in Tel Aviv for the price of one condo in these cities.

A status symbol: For a lot of American Jews owning a home back in Israel has become a status symbol. Although many of these buyers do not intend to rent these homes out, preferring to live in them whenever they visit the country; they are happy to see their investment grow.

The religious factor: Finally, another crucial consideration is the religious basis for buying property in the country. The prospect of frequently visiting Jerusalem and the Holy Land are an important incitement for most religious minded buyers.

A close scrutiny of the Israel real estate market clearly reveals a supply demand pattern which transcends the bounds of the local market. The fact that an estimated $12 billion find their way into the country through real estate alone is enough to prove the veracity of the trend. So, it's not unusual to see a lot of people who originally intended to buy a second home in Spain or even Florida, choosing Israel instead. As a matter of fact, it can be safely suggested that this is as good a time as any to invest your hard earned money in a piece of Israel real estate.