|Last Updated: Aug. 30, 2015|
|TEL AVIV - YAFO Apartments||COST (US$)||YIELD (p.a.)||PRICE/SQ.M. (US$)|
|TO BUY||MONTHLY RENT||TO BUY||MONTHLY RENT|
|50 sq. m.||591,300||1,395||2.83%||11,826||27.90|
|80 sq. m.||891,360||2,253||3.03%||11,142||28.16|
|120 sq. m.||1,290,360||2,833||2.63%||10,753||23.61|
|225 sq. m.||2,731,725||4,696||2.06%||12,141||20.87|
|TEL AVIV - SUBURB Apartments|
|65 sq. m.||750,880||n.a.||n.a.||11,552||n.a.|
|120 sq. m.||1,635,120||n.a.||n.a.||13,626||n.a.|
Tel Aviv: Ramat Aviv, City Center, Sheinkin, Ben-Yehudah, Dizengoff, Kikar Hamedinah (Rothschild), Shikun Tsameret, Shikun Haketsinim, Neve Tsedek, Old Yaffo/Jaffa, and Sea Area
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule
Gross rental yields i.e., the rental return on a property if fully rented out, before all expenses, are poor - almost at Monaco-like levels. Gross rental yields for apartments in Tel Aviv are under 3%.
This tends to support the popular view that property is somewhat overpriced in Israel.
Apartments in upscale residential areas of Tel Aviv cost on average US$ 11,500 per square metre (sq. m). A 120 sq. m apartment now costs around US$ 10,700 per sq. m., whereas three years ago, it only cost around US$ 7,800 per sq. m.
These are the sort of prices that can be seen in Swiss cities of Geneva and Zurich, or in Canada’s Toronto and Vancouver.
Renting an apartment in Tel Aviv would cost you anywhere from US$ 21 per sq. m. per month to around US$ 28 per sq. m. per month, which means that you can rent an 80 sq. m. apartment for about US$ 2,250 per month, and a 120 sq. m. apartment for around US$ 2,800 per month.
#1 GIL | August 07, 2010
The price above per sq. m is very general... because the prices for renovated apartments in Tel Aviv is much higher than that maybe double more like $9,204.99 per sq m. at least that is the deal I am signing tomorrow. Check out www.bartenura15.com for further information.
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