Who would have thought it? Israel has emerged as an unlikely force in the world’s property market, becoming one of the fastest growing nations. Global Property Guide, a trade magazine that monitors the housing market, reports that Israeli house prices in the second quarter of 2010 rose sixth-fastest out of 36 countries. Four of the top five, including Singapore and Latvia, were rebounding from sharp price drops. And over the past two years, Israeli prices have shot up faster than anywhere else in the world.