Rental prices in Jerusalem have surged by as much as 25-30% in some neighborhoods, making it difficult for tenants to find affordable apartments. The increase in prices is partly due to rising immigration of American and French Jews in response to antisemitism. Many new arrivals prefer to rent before committing to buying, driving up prices for everyone. Additionally, urban renewal projects and a shortage of construction workers have contributed to the lack of available properties. The challenge of high rental prices is particularly tough for university students and young adults moving to the city.
image sourced from original article at https://www.timesofisrael.com/why-rent-in-the-capital-is-surging-disproportionately-and-unlikely-to-let-up-soon/Original article source: https://www.timesofisrael.com/why-rent-in-the-capital-is-surging-disproportionately-and-unlikely-to-let-up-soon/
Source Id: 2025-01-618702435
