Categories: Economy

Rising rental prices in Israel: Tel Aviv continues to top the list

According to new data from the Central Bureau of Statistics, the average rental price in Israel was NIS 4,682 in the first quarter of 2024. This represents a 7.2% increase compared to the same period last year and a 4.6% increase compared to the fourth quarter of 2023.

The largest cities saw varying rental price increases over the past year, with Herzliya leading the way at 7.1%, Kfar Saba following closely behind at 6.6%, and Petah Tikva, Jerusalem, and Ramat Gan also experiencing significant growth. On the other hand, prices rose by only 3.2% in Beit Shemesh and Beer Sheva, while Hadera, Holon and Bat Yam, and Bnei Brak saw increases of just 4.1%, 4.2%, and 4.4% respectively.

The most expensive rents were recorded in Tel Aviv (average of NIS 6,910), Herzliya (NIS 6,383), and Ramat Gan (NIS 5,412). In contrast, those seeking more affordable options can find them among smaller cities such as Beersheba (NIS NIS

Samantha Johnson

As a passionate content writer at newschemical.com, my name is Samantha Johnson. With a background in journalism and a keen eye for storytelling, I craft compelling articles that captivate and inform our readers. From breaking news to in-depth features, I strive to deliver content that is not only engaging but also insightful. With a love for words and a dedication to accuracy, I work diligently to keep our audience informed and engaged with the latest stories and trends. Join me on this journey through the world of news and knowledge at newschemical.com.

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