Tuesday, February 12, 2008

Jerusalem apartments approach Tel Aviv prices

The average price of apartments in Tel Aviv is NIS 15,000 per square meter, according to an analysis of data for the past four months by AMG Financial Models Ltd. Tel Aviv apartments are 250% more expensive than in Rishon LeZion.
AMG says that Jerusalem is Israel's second most expensive city for apartments at NIS 11,000 per square meter, followed by Ramat Gan at NIS 9,500. In contrast, the average price per square meter for an apartment in Modi'in is NIS 8,000 (based on an apartment of 115 square meters).

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