Rents in most of Israel's large cities rose in August 2009 for the second consecutive month, after a brief hiatus. Second hand sales Winwin reports that the average rent of a three-room apartment in Tel Aviv rose by 4.2% in August to NIS 4,485 per month, after rising 2.4% in July. The average rent of a three-room apartment in north Tel Aviv rose by 2.1% to NIS 4,950 per month.
The average rent of a two-room apartment in central Tel Aviv rose by 5.3% to NIS 3,800 per month in August. The average rent of a two-room apartment in north Tel Aviv rose by 4.1% to NIS 3,700 per month.
The average rent of a two-room apartment in Beersheva rose by 0.7% to NIS 1,570 per month, and the average rent of a three-room apartment rose by 2.7% to NIS 1,900 per month.
The average rent of a two-room apartment in Haifa rose by 3.4% to NIS 1,790 per month, and the average rent of a three-room apartment rose by 2.3% to NIS 2.250 per month.
Jerusalem was the only large city where apartment rents were stable or fell in August. The average rent of a two-room apartment Jerusalem was unchanged at NIS 2,950 per month, while the average rent of a three-room apartment in Jerusalem fell by 4.2% to NIS 3,300 per month.
Published by Globes [online], Israel business news - www.globes-online.com - on September 6, 2009
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