Tel Aviv: Israel’s coastal city of Tel Aviv has become a city where people have to spend a lot of money on their daily lives, according to a study by the Economic Intelligence Unit of the Middle East, Israel.
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 high in the 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 corporations 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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