World's 10 Hottest Real Estate Markets

3. Israel 

Average 5-year price growth: 54.5 percent

According to Knight Frank, Israel managed to be on the 3^rd position on the list since 2009, when there was more than 21 percent growth in house prices, followed by nearly 16 percent growth back in the year 2010. This year February, after an interest rates cut from 3.25 percent to 2.5 percent, Israel has witnessed huge growth in property demand.