Knight Frank (KF) noted that its index for prime residential property (i.e. the top 5% in terms of traded prices) in Tel Aviv rose by 6.5% y-o-y in 1Q15. The index had risen by 2.9% since the beginning of 2015 and by 0.4% in 1Q15 alone. Tel Aviv’s y-o-y rise was the 12th largest of the 35 cities for which KF published data. Tel Aviv was in 40th position in KF’s ranking of the 40 most important cities for UNHWIs worldwide in 2015, which appeared in its Global Cities survey early this year.

Source : August 2015/KF/Tel Aviv/RES