The question returns: rent or buy?

Ariel Rosenberg 20 Jan 08 14:51

The gap between property prices and rentals in Israel makes the eternal dilemma all the more pressing. So it better to buy or rent? "Globes" does the sums.
It's the cardinal question about Israeli real estate: buy or rent? In recent months, more and more people, especially those setting up home for the first time and young couples, feel that rising rentals coupled with easy mortgage terms have created a situation where monthly mortgage payments together the requisite equity have made buying an apartment more worthwhile. But is this really the case? It depends whom you ask and, no less importantly, where you make your inquiries.