Tel Aviv's Costs Keep Rising, Yet Affordability Still Buys a World-Class Lifestyle
תומצת מתוך Haaretz על ידי baba
A Tel Aviv feature says the city keeps getting more expensive, but remains exceptionally desirable for those who can afford it. It highlights high housing prices, heavy property taxes, and neighborhood change, while noting some residents only managed to buy a first apartment very late in life.
הידיעה ב-5 שורות · תקציר של baba
- Tel Aviv is portrayed as increasingly expensive but still highly desirable.
- Three-room apartments were reportedly sold for up to 600,000 shekels.
- Property tax in the city is said to be among Israel's highest.
- Some residents bought their first home only at age 65 for 1.2 million shekels.
- The article says the city is changing, but not becoming another Dizengoff.
A feature on Tel Aviv argues that the city has become steadily more expensive, but still remains highly attractive for people who can afford it. The piece frames that tension through examples of rising housing costs, neighborhood change, and the city’s enduring appeal.
The article asks where three-room apartments were sold for up to 600,000 shekels, and notes the contrast between luxurious homes and new apartment towers. It says the property tax, or arnona, is among the highest in Israel, underscoring the cost of living pressure on residents.
The city is described as undergoing a transformation, with the question of whether a quieter residential district is waking up. One local comment says people once wanted Rambla-style boulevards there, but “it will not be Dizengoff either,” indicating expectations for the area remain more limited than in central Tel Aviv.
Despite the prices, the article emphasizes that for those with the means, Tel Aviv is still seen as the best place in the world. It also mentions people who only managed to buy their first home at age 65 for 1.2 million shekels, after years without enough money, highlighting how difficult home ownership has become in the city.
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