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July 25, 2018 | Tel Aviv and Jerusalem are among the 10 most expensive cities in the world to rent an Airbnb apartment, according to a recent Bloomberg index.
Bloomberg estimates that this can go up to "a combination of high hotel and apartment costs" According to Yoav Kerner, a professor of statistics at the Ben Gurion University of the Negev, Airbnb's expensive quotes in Israel "may have nothing to do with the high cost of housing in Tel Aviv and Jerusalem," according to the report. "The Tel Aviv apartments account for at least three-quarters of the person's average income," said Kerner after studying the Tel Aviv Airbnb market on behalf of a group of hoteliers.
Kerner estimates that Airbnb has raised Tel Aviv's overall rent by about 10 percent.Real-time rents have increased because Airbnb owners want a premium on what they could earn in renting their units for a full year.
While Miami, Florida and Boston, Mbadachusetts took first and second places on the list with Airbnb owners Reykjavik, Iceland came in third place in 194 dollars a night, the Middle East had five destinations in the top 15. Tel Aviv came in 4th place, the owners asking 188 dollars a night and Dubai, the United Arab Emirates The city was in 5th place at $ 185. Angeles, California was at 6th place, asking $ 180, Amsterdam, Netherlands and San Francisco, California listed owners asking for $ 178 each.
Jerusalem was in 9th place with Airbnb owners asking for $ 173. Sydney, Australia completed the top 10 by also asking for $ 173. Airbnb figures show a much lower rate with the average night in Tel Aviv costing $ 87 and the average night in Jerusalem only $ 82. Airbnb would use a calculation method different from that of Bloomberg, taking into account the prices of the rented units, and not the prices appearing in the advertisements.
The Bloomberg Index uses advertisements from more than 120 cities worldwide.
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