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Home In Brief

Rents up 10% in Tel Aviv, 6% in Jerusalem since start of 2022

by  Hili Yacobi-Handelsman
Published on  03-15-2022 10:42
Last modified: 03-15-2022 10:42
4 Israelis arrested in multi-million euro fraud targeting GermansGetty Images

Average rents were up in all of Israel's large cities in January-February 2022, the Yad2 website reports | File photo: Getty Images

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Rents on two-bedroom and three-bedroom apartments have jumped in all of Israel's large cities since the start of 2022, the Yad2 website – which publishes real estate listings – reported Monday.

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Rents for three-bedroom apartments increased up to 13% in January-February 2022 in comparison to the same two-month period in 2021, and rents for two-bedroom apartments increased by 12%.

Rents in Herzliya and Raanana were up by an average of 12% in the first two months of the year, while Tel Aviv saw a 10% increase in rent for the same period. Rental costs increased by 6% in Jerusalem and 3% in Haifa.

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