In his column in the business section of Yediot Ahronot (Prices in the sky, December 25, 2007) Ofer Petersburg reported that in the last year the average price of a house in Jerusalem went up from anywhere between 20 to 40 percent. In 2006 the standard four room Jerusalem apartment cost $250,000. Now it stands at $350,000.
According to a price list supplied by Anglo Saxon, the price of an average 120-square-meter apartment in central Tel Aviv, which is far from being an expensive area of town, is NIS 2.05 million, or some $540,000. With that kind of money, one can buy two such apartments in Haifa, nearly four in Beersheba and 1.5 in Modi'in.