Tel Aviv is known as the “city that never stops”; it is a liberal, fashionable and exciting city. The average number of people living in an apartment is 2.1, a relatively small average. The average income in the city is about 8,090 NIS.
One of the most fascinating statistics about Tel Aviv from a real estate perspective is that 74% of the city’s assets have between one to three rooms (studio, one-bedroom, or two-bedroom apartments). These relatively small apartments are best suited for singles, young people, adults without children living with them, and of course students and renters from all over the country who come to enjoy all that Tel Aviv has to offer.
48% of Tel Aviv properties are leased, meaning almost every other property is populated with renters. The average rent in the city is about 5,300 NIS or 79 NIS per meter, and the average yield is 2.3%. Although this yield is not particularly exceptional by real estate standards, it is respectable.
Furthermore, many investors recognize the great potential Tel Aviv has for lucrative "exits" properties. The price increases that characterize the city, and its subsequent high demand, make Tel Aviv a prime location for planning your next real estate exit.