Tel Aviv is the most expensive city in the world Dynamics

by time news

Tel Aviv: The coastal city of Tel Aviv in Israel has become a city where people have to spend more on their daily lives, according to a study.
Israel, a Middle Eastern country, recently submitted a research report to the Economist’s Economic Intelligence Unit. Its details: Tel Aviv, the coastal city of Israel, is becoming a city that has to spend a lot to live.
Tel Aviv, which was ranked fifth in the world in this list, is currently ranked number one. The prices of all commodities in Tel Aviv have risen sharply more than cities in France, including Paris and Singapore. The rise is due to the rising value of the Israeli currency, the shekel, against the US dollar.

Grocery and transportation costs are very expensive in this city. It is becoming increasingly difficult for the people living here to live a simple life by paying rent. As Tel Aviv, Israel’s economic and cultural center, changes, so do the larger corporates here.
Beautiful long beach, world class restaurants are here. Thus, people love to live in this city. As the value of the shekel rises, so does foreign investment in Israel.
Due to this, Tel Aviv has become a sophisticated city. Buying a house in Tel Aviv is becoming an impossibility for the people of Israel. Here, the average price of a house is around Rs 9 crore.

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