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Exclusive review for "Real Estate Today": Where did rental prices fall? | Israel Today

2022-06-16T11:27:49.398Z


While everyone resents the jump in apartment rental prices, a survey conducted by appraiser Ohad Danos reveals: These are the cities where rents have actually fallen in the past six months • Two-room apartments in Tel Aviv have fallen by 7% • And where have only increases been recorded? • For the full review


Is Finance Minister Lieberman detached when he claims that rental prices have jumped by only one and a half percent?

An examination by former chairman of the Real Estate Appraisal Bureau, Ohad Danos, reveals that there have indeed been dramatic double-digit increases this year - but also declines. 

Let's start in Tel Aviv.

Surprisingly, there was a decrease of no less than 7% in the rental prices of two-room apartments in the city, from NIS 5,700 of an average NIS 5,300. In Eilat there was a dramatic decrease of 11% in five-room apartments, from NIS 5,600 to In Ashdod, there was also an impressive decrease of 7%, from NIS 5,800 to NIS 5,400.

The survey also shows that three-room apartments in Haifa fell by 10% from NIS 3,000 to NIS 2,700.

Five-room apartments in Modi'in also fell by 10% from NIS 7,700 to NIS 6,900, and in Holon four-room apartments fell by 4% from NIS 5,000 to NIS 4,800. 

The aforementioned review also reveals the particularly high increases in rental prices in various areas.

In Tel Aviv, five-room apartments rose by 21% from 9,500 to 11,500.

Two-room apartments in Jerusalem rose by 12% from NIS 3,400 to NIS 3,800.

Five-room apartments rose by 25% from NIS 7,100 to NIS 8,900. 

In addition, the survey shows that in Kfar Saba, which was only recently published by becoming the second most expensive housing in Israel, three-room apartments rose by no less than 28% from NIS 3,500 to NIS 4,500.

In Petah Tikva, five-room apartments rose by 15% from NIS 5,800 to NIS 6,700.

Five-room apartments in Rishon LeZion rose by 15% from NIS 6,000 to NIS 6,900.

Data courtesy of real estate appraiser Ohad Danos,

"Prevent irresponsible statements by decision makers" 

Real estate appraiser Ohad Danos, who conducted the review, commented on the numbers: “The rental market, like the real estate market in general, is not monotonous.

Different and local trends of supply and demand affect in different directions depending on the situation at a given moment.

It would be highly desirable to regulate the rental market, at least at the reporting level, and then irresponsible statements from decision makers would be avoided and the public could avoid arguments between professionals in the field. " 

Against the background of the announcement of price increases in Tel Aviv, the Deputy Mayor of Tel Aviv-Yafo and the Chairman of the Planning and Construction Committee, Adv. Doron Sapir, to the Minister of Finance Lieberman: "I appeal to you to lead a simple move Jaffa and the State of Israel.

"Tax exemption for a single landlord, who rents another apartment to improve housing, and division of the brokerage fee burden between the landlord and the tenant." 

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Source: israelhayom

All news articles on 2022-06-16

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