TASE VP Ronit Harel Ben-Ze'ev: We hope to see more REITs on the TASE when the income tax code is amended.
Roy Meltzer 30 Dec 07 14:42
"The booming real estate industry and the international expansion of activity by many developers contributed significantly to the market caps of these companies and brought new large real estate companies to the TASE," says TASE Economic Department senior VP Ronit Harel Ben-Ze'ev.
The Real Estate 15 index of the Tel Aviv Stock Exchange (TASE) had a yield of just 2% in 2007, rising from 650 points to 660, after outperforming the TASE's leading indices in the first two years after its launch in January 2005. The Real Estate 15 index was highly liquid and a popular investment instrument.
http://www.globes.co.il/serveen/globes/DocView.asp?did=1000291957&fid=1725
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