Called “the next Silicon Valley” and referred to as “Startup Nation,”Israel has undergone a high-tech revolution, Daniel Knobil of Home Search Israel previously told Business Insider: “Israel has become one of the world leaders in bio technology, cyber technology, artificial intelligence, online games, and high-tech agriculture.”

It’s home to more startups per capita than any other country and attracts more venture capital per person, Business Insider previously reported. Evi Angelakis, founder of New York-based Golden Key Realty Group, told Mansion Global that Israel is second in the world behind Silicon Valley when it comes to tech hubs.

At the center of this hub is Tel Aviv. Multinational tech companies like Google, Oracle, and Facebook have research centers in or near the city, which also serves as a home for a plethora of successfullocal tech companies. Google recently bought GPS navigation app Waze — local to Tel Aviv — for $1 billion, and Amazon opened an office in Tel Aviv in October.

As a result of this tech boom, “there have been extremely successful Israeli companies making extremely successful wealthy Israelis,” Knobil said. “The country has gone through a real revolution, which has fueled a demand for luxury houses and apartments.”

This is especially true of Tel Aviv, where real estate is the most expensive.