In the rental housing market, prices have again risen: rental prices have risen most significantly in Jerusalem (6.8% higher compared to March of this year) and Haifa (4.5% higher). In Herzliya, rent increased in price over the month by 3%, in Petah Tikva – by 2.2%, and in Netanya, rental prices increased over the month by an average of 0.4%
In general, across the country, the cost of rent over the past month has nevertheless become lower – a decrease of 2.5%. The most significant decrease in the cost of rental housing was recorded in Ashkelon (3.3%), in Tel Aviv-Jaffa rent fell by 3.1%, in Holon rental supply fell by 2.7%, in Rishon Lezion – by 1. 4%, in Beersheba – by 0.7%, and in Ashdod, rent fell by 0.4%.
Supply on the real estate market from February to March decreased by an average of 11.3%, mako.co.il reported on Thursday, April 25. At the same time, more apartments for rent have appeared in cities in the center of the country, apparently due to the introduction of apartments intended for tourists and idle due to the war to the “civilian” market.