Friday, February 29th, 2008...1:51 am
U.S. Haredim investing heavily in Tel Aviv real estate
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“U.S. real estate markets are suffering a serious retreat because of the subprime mortgage crisis and resulting credit crunch in the United States - and Tel Aviv is showing a lot more demand for bonds than New York.Leser’s private assets are estimated at NIS 500 million, on top of any money he will raise on the Tel Aviv Stock Exchange. Ratings agency Midroog has given the bond issue an A1 rating. ” haAretz
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