Apartment building in Tel Aviv (archives)
Photo: Ido Efrati
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
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.
In southern Tel Aviv, the average price of a two-room apartment rose 3.8% in July to NIS 2,900 (about $745). In central Tel Aviv, the rental price for a similar apartment was up 3.4% to NIS 3,600 ($925), and in northern Tel Aviv rental prices climbed by 2.9% to NIS 3,550 ($914).
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.
Going Up
Ory Chudy, Calcalist
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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.
