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Rental prices spike in July
Israel's largest cities see rise in rental prices, with price of two-room apartment up 3.8% in Tel Aviv, 3.9% in Jerusalem and 5.5% in Beersheba
Gil Kol
Rental prices have gone up in July all over Israel
despite the financial crisis, according to data published last week by the WinWin ad agency.
The economic crisis' effect on rental prices appears not to be going by the book. Tel Aviv, in general, saw a rise in rental prices, as did Beersheba, Haifa and Jerusalem.
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The price of three-room apartments remained unchanged in southern Tel Aviv at about NIS 3,100 ($798) and in northern Tel Aviv at NIS 4,850 ($1,247), but central Tel Aviv saw a 2.4% rise to NIS 4,300 ($1,106).
Jerusalem recorded a 3.9% increase in rental prices for a two-room apartment, reaching NIS 2,950 ($759). The average rental price of a three-room apartment, however, dropped 1.1% to NIS 3,440 ($886).
In Beersheba, rental prices for a two-room apartment jumped by 5.5% to NIS 1,560 ($401), while the average rental price for a three-room apartment remained unchanged at NIS 1,850 ($476).
In Haifa, the average rental price for a two-room apartment rose 1.8% to NIS 1,730 ($445). The rent for a three-room apartment in the northern city rose 4.6% to NIS 2,200 ($566).
The survey is based on a representative sample of ads published on the WinWin website. The sample included a telephone survey among apartment owners.
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