To many homebuyers, prices in Jerusalem seem far out of reach – with the impression being that the city is among the most expensive in Israel on average. But it isn't, and according to a Housing Ministry study released Sunday, Jerusalem is not even among the top ten most expensive places to buy a home in Israel, according to the survey. However, one community in Samaria did make the "top ten" list.
The top “honor” goes neither to Jerusalem, nor even Tel Aviv or Herzliya – but to the Sharon-area suburb of Tel Mond, where a dwelling costs on average NIS 2.54 million ($725,000). Prices there increased 12% over the past year. Tel Aviv came in second, with an average price of NIS 2.29 million for a home.