Airbnb is responsible for the steep rise in Tel Aviv rent, as seen in the market for 1.5-to-two-room apartments – the most typical property offered by the San Francisco-based company, according to a new study.
The study was conducted by Yoav Kerner, an expert on statistics and operations research at Ben-Gurion University of the Negev, at the request of the Israel Hotel Association and the Social Congress. The latter group, made up of veterans of the 2011 social protest movement, studies the origins of Israel’s housing crisis and suggests solutions. [...]
As expected, Kerner found that the rate of increase is higher for Tel Aviv than for the national average, at a ratio of 1.38 to 1. That is, for every one-shekel rise in apartment rents nationally, Tel Aviv rents will rise 1.38 shekels.
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