Tel Aviv apartment rents back on the rise
Tel Aviv apartment rents reach record high Despite initially depressing the city's rental market, the Covid-19 crisis only had a fleeting impact. Tel Aviv apartment rents continue to rise as if the Covid-19 economic crisis hasn't happened. The only question that remains is whether the trend will reverse when government assistance to the unemployed dries up. According to Israel's Central Bureau of Statistics, the average 2.5-3 room apartment in Tel Aviv rented for NIS 5,766 per month in the third quarter of 2020, up 9.5% over the past three years, and up 1.2% over the past 12 months. Over the ...
Source: globes.co.il