Full coverage· Economy· Updated
Rental Prices Surge in One Israeli City, Stabilize Nationally
Rental prices in Israel saw a national monthly decrease of 0.1% in October, but are up 3.4% year-over-year. One city experienced a dramatic rent increase exceeding 9%. The supply of rental apartments recovered by 6% nationally in October, though year-over-year growth remains modest.
2 newsrooms · 1 language · since
Plus
What happened
- 01One Israeli city saw rental prices jump by over 9% in October.
- 02Nationally, average rents decreased by 0.1% in October but are up 3.4% year-over-year.
- 03The supply of rental apartments nationwide increased by 6% in October.
- 04Rishon LeZion reported a 29.5% surge in rental apartment supply.
- 05Herzliya saw a 19.5% decrease in rental apartment supply in October.
- 06Experts state current rental supply is insufficient to lower prices.
Experts suggest the current supply is still too low to significantly lower prices.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- Centre1
- RightNone
- HarediNone
- ArabNone
- Other1
How it broke
See which of the 2 newsrooms broke it, and who waited