Tel Aviv has been ranked because the world’s eighth costliest metropolis by way of shopping for residential actual property in Deutsche Financial institution Analysis Institute’s rating of the world’s 69 most vital cities for world monetary markets. When it comes to high quality of life, Tel Aviv was ranked twenty eighth.
The true property rankings are based mostly on the worth to purchase a house within the metropolis heart. Deutsche Financial institution’s researchers discovered that the typical residence in Tel Aviv price $18,469 per sq. meter within the metropolis heart, slightly below New York ($18,532) in seventh and properly forward of Beijing ($15,090) in ninth and Shanghai ($14,767) in tenth. Hong Kong was the world’s costliest metropolis for residential actual property at $25,946 per sq. meter, adopted by Zurich ($23,938), Singapore ($22,955), Seoul ($22,875), Geneva ($21,491) and London ($20,953).
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Deutsche Financial institution mentions that in 2012 Tel Aviv costs have been simply $8,795 per sq. meter – an increase of 110% in 13 years.
In different housing rankings, Tel Aviv was in a extra cheap place by way of price. Based on the info, the month-to-month lease for a three-room condo within the metropolis heart is $3,088 (NIS 10,336), rating twenty second out of 69 cities surveyed. The price of month-to-month lease in New York is $8,388 placing it on the high of the rating. The price of lease for a one-room condo in Tel Aviv ($1,667) ranks it twenty first out of the cities surveyed ($1,667).
Standing out for price of dwelling
In Deutsche Financial institution’s index that examined the standard of life in these cities, Tel Aviv ranks twenty eighth out of 69, behind cities akin to Madrid, Doha, Prague, and Tokyo. This index takes into consideration standards akin to security (Tel Aviv ranks seventeenth), well being (twentieth), time in site visitors jams (twenty third) and air pollution (thirtieth). What lowers Tel Aviv’s rating on this index are primarily the price of dwelling index (sixtieth) and the price of housing relative to earnings (sixtieth).
The great report finds that Israel “stars” in one other subject: the price of dwelling. Based on the buying energy parity value index, Israel ranks 2nd among the many 48 nations examined (in some nations, a number of cities have been examined). Switzerland is in first place, adopted by Israel, and the US. Israel has “maintained its place” on this space since 2020.
Within the index for a three-course dinner for 2 diners at a mid-range restaurant, Tel Aviv ranks eighth out of the 69 cities examined. Within the index, of a “low-cost date” as outlined by the research’s authors (a bottle of wine, a pair of denims, a gown, 2 coffees, a meal at a restaurant, 2 film tickets and a couple of public transportation tickets), Tel Aviv ranks ninth, after Stockholm, New York, Copenhagen and Zurich, amongst others.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 7, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
