Apartment for rent: Who is the Israeli champion in the increase in rent?
Does the rent bother you?
You are not alone: data on price increases from recent days collected by madlan and published here for the first time and they reveal where the highest increases were and where the lowest were.
What do tenants and apartment owners think about it?
Between Ashkenazi
08/06/2022
Wednesday, 08 June 2022, 09:03 Updated: 09:19
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In recent days, there has been a storm on social media as many surfers share their frustration at the steep rise in rental prices.
Contrary to the feeling that this is another protest by pampered people who want to live only in Tel Aviv, the angry tweets and posts show that prices have jumped even in cities that are far from the central region.
For example, the social activist Yaffa Tabaja tweeted: "Not only in Tel Aviv. In Yavne, too, rents have doubled, apartments with rents of 2000+ are now flying in the air at NIS 6,000.
The residents of Yavneh are watching with an open mouth in the sharp curve of the rise in prices, and understand that the NIS 3,000 that was for rent is equivalent to an extinct dinosaur.
The Facebook group of Afula and the surrounding area reads: "Just in shock from the situation of rental prices in Afula, people take prices that do not embarrass an apartment in the center of the country - in this tone.
To better understand the jump in prices, we used Madlan's data on rental prices.
The data published here for the first time have been collected in recent days from 28 cities in Israel.
The data show a worrying picture, according to which rental prices have risen by an average of 14% in all parts of the country.
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Modi'in Maccabim-Reut.
Israeli champion for rent increase for a 3-room apartment (Photo: ShutterStock)
Where was the highest increase in rental prices recorded?
In the city of
Modi'in-Maccabim-Reut
, rental prices for a three-room apartment have soared by about 40% in the past year: in 2021, the asking price for a month of rent for an apartment of this size amounted to NIS 4,661, while today the asking price for that apartment is NIS 6,500.
Immediately after that is
Pardes Hanna-Karkur
with a 30% increase in rental prices per month for a three-room apartment: in 2021, the asking price for a rental month was NIS 2,846, while now it is NIS 3,683.
And where was the lowest increase in rental prices for a three-room apartment?
The city of
Haifa
is the 'negative peak' with an increase of about 1.30%, so that last year the monthly price for renting a three-room apartment in the city of Carmel amounted to NIS 2,977, while today the asking price for that apartment is NIS 3,015.
Marginal update, certainly compared to the rise in the index.
For those looking for a four-room apartment, it is worth knowing that the highest increase in the rent for a four-room apartment was recorded in
Ramat Hasharon
, with a jump of about 42% in rental prices per month.
In 2021, the asking price for a month of rent for such an apartment amounted to NIS 6,153, while today the asking price for that apartment is NIS 8,725.
Immediately after
Herzliya
with an increase of about 32%: in the past year, the rent for a four-room apartment increased by NIS 6,275, while today the rent is NIS 8,250 per month for the same apartment.
The lowest increase in the rent for a four-room apartment was recorded in
Nesher
: while in 2021 a month's rent for a four-room apartment amounted to NIS 3,334, today it will increase by NIS 3,400.
And what about
Tel Aviv
?
There it is difficult to refer to the municipal level because there is a big difference in prices between the neighborhoods but in madlan they told Walla that in segmentation by neighborhoods you see that the big increases occur in neighborhoods that have a lot of new construction, in the old and new north there is an increase of about 20%. , An apartment in an old building that is rented for NIS 8,000 per month and a nearby apartment in a new building that is rented for NIS 12,000 per month.
Rented apartment in Ramat Hasharon.
Israeli champion jumps in rent for a 4-room apartment (Photo: Meged Guzni)
What do tenants and landlords say?
And what do tenants and landlords say about the particularly high aliyah in Tel Aviv?
Amir has been renting in Tel Aviv for several years.
He said he feared the call from the landlord because he expected a high rise in the rental price, one that would not allow him to stay in the apartment.
But sometimes there are surprises: "To my surprise our landlord informed us after three years that she would not take extra because there is going to be a renovation in the building, so in the end she does not raise the rent but it is the same apartment only in renovation. We agreed with her after the renovation "At 12%. It is high but lower than the market price."
The tenants will probably find it difficult to move from Tel Aviv, but what about the landlords, why are they raising the price so high? It was difficult to find a landlord who would agree to talk openly about it. : "I have a number of apartments in the south of Tel Aviv of my family. By and large we rent them out to students who are studying"
During the conversation with Shuki we tried to understand whether the steep rise in prices reflects a real difference in the value of the property or is it simply the most basic law according to which where there is high demand and low supply, the price goes up.
On the one hand Shuki says: "Everyone is talking about prices but I renovated my apartments so that the tenants do not live in the ruin and that too costs money."
On the other hand, he also admits: "The market price does not really reflect a certain difference in the property itself, that is the situation."
However, Shuki does want to emphasize and clarify "I consider my tenants and increase them by only 3% as proposed by the Tel Aviv Municipality in the recommended contract that they distributed several years ago. From what he earned, so I consider. "
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