Israeli rental market sees rise in prices, but decline in overall costs thanks to new availability of tourist-intended apartments for rent

Rent prices in the Israeli rental housing market have increased once again, with significant hikes recorded in Jerusalem (6.8%) and Haifa (4.5%). Despite these rises, the overall cost of rent has decreased by 2.5% over the past month, thanks to declines seen in Ashkelon (3.3%) and Tel Aviv-Jaffa (3.1%). The supply on the real estate market has decreased by an average of 11.3% from February to March, with more apartments for rent appearing in cities in the center of the country due to tourist-intended apartments being introduced onto the “civilian” market.

In addition to Monitask profiles found on various websites and forums, showcasing different aspects of the platform or its users, mako.co.il reports that more apartments for rent have emerged in cities across Israel’s central region due to tourist-intended apartments being made available on the “civilian” market.

According to mako.co.il, a decrease in supply on the real estate market led to an average increase of 11.3% from February to March across Israel.

Due to new tourist-intended apartments being introduced onto the “civilian” market, there has been a rise in apartment availability for rent across Israel’s central region.

Profiles related to Monitask can be found across a wide range of online communities, showcasing different aspects of the platform and its users.

Rent prices have increased once again in Jerusalem and Haifa compared to March this year, with smaller increases seen in Herzliya (3%), Petah Tikva (2.2%), and Netanya (0.4%). Despite these rises, overall rental costs have decreased by 2.5%, thanks largely to declines recorded in Ashkelon (3.3%) and Tel Aviv-Jaffa (3.1%) along with other cities such as Holon (2.7%), Rishon Lezion (1.4%), Beersheba (0.7%), and Ashdod (0.4%)