News Brief

(IsraelNN.com) Apartments in central Tel Aviv fetch some of the highest prices in the Middle East, according to a study by Global Property Guide. The study found that the average price per square meter in the city is $5,000. Dubai ranks second with an average cost of $4,000 per square meter, with Tunis, the capital of Tunisia, following at $2,500 per square meter.

The nation with the highest costs associated with buying an apartment and selling it is Jordan, reaching 15 percent of the apartment's value. Israel's turnaround cost is holding at 10 percent of the property value.

Tel Aviv ranks eighth in average yield from rents. The reason for the high yields in Tel Aviv is a high demand for apartments, which has led to increasingly costly rental prices.