Rental prices have increased in the housing market, particularly in Jerusalem and Haifa. Prices in Jerusalem have risen by 6.8% compared to March of this year, while in Haifa they have increased by 4.5%. Despite these increases, rental costs across the country have decreased by an average of 2.5% over the past month. The biggest decrease was recorded in Ashkelon at 3.3%, followed by Tel Aviv-Jaffa at 3.1%, Holon at 2.7%, Rishon Lezion at 1.4%, Beersheba at 0.7%, and Ashdod at 0.4%.
The supply of apartments for rent has decreased by an average of 11.3% from February to March due to a shifting trend in the real estate market, possibly influenced by apartments intended for tourists now being offered on the regular rental market. This trend is impacting rental prices and availability in various areas across the country, making it harder for renters to find suitable properties within their budget range.
