In Tel Aviv, the average price per sqm in the city centre is ILS 45,000, and ILS 28,000 outside the centre (2024 data). Prices have risen 7% since 2024.

How much is rent in Tel Aviv in 2024?

A 1-bedroom apartment in Tel Aviv rents for approximately ILS 5,500 per month in 2024. A 3-bedroom apartment costs around ILS 10,000/month.

Is it better to buy or rent in Tel Aviv?

Renting is generally more cost-effective in Tel Aviv. The price-to-rent ratio is 28.0x — it would take approximately 28.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.80%.

What are mortgage rates in Israel in 2024?

The average mortgage rate in Israel is approximately 4.80% as of 2024. With a price-to-rent ratio of 28.0x, buyers should carefully weigh mortgage costs against rental savings.

What is the price per sqm in Tel Aviv?

The average property price per square metre in Tel Aviv city centre is ILS 45,000 in 2024. Outside the centre, expect to pay around ILS 28,000/sqm.