In this last article of our series on how far $90,000 will stretch in today's housing market, a look at ways to keep up with housing inflation without necessarily owning a property
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Feb. 18, 2021
Home rental prices were stable in several of Israel’s largest cities over the course of 2020, according to Central Bureau of Statistics data released on Monday. The nationwide average rental price for 3.5-4 room apartments – three-bedroom homes – was 4,052 shekels on average in 2020, a 2.6 percent increase on 2019. The figure covers major cities with 100,000 or more residents.
The highest average rental prices are still in Tel Aviv and its neighbor, Ramat Gan. The most significant price increases were inthey went up by 3.7% on average. Prices remained stable in Be’er Sheva, increasing only 0.8%. They increased by 1.9% on average in Haifa, and a mere 0.8% in Jerusalem.