Israel costliest place to buy a home in new comparison with European countries

A view of Tel Aviv on September 8, 2022. (Yossi Aloni/Flash90)
A view of Tel Aviv on September 8, 2022. (Yossi Aloni/Flash90)

Israel was the most expensive country in which to buy a home in the European region in 2022, according to a new report by financial advisory company Deloitte.

Israel joined Deloitte’s latest Property Index, published in recent days, despite not being a part of Europe, and immediately shot to the top of the priciness table, with an average cost of NIS 23,500 (€5,700 or $6,200) per square meter.

This was higher than the UK ($4,300), France ($5,000), Germany ($5,200) and Norway ($5,650) and far higher than Italy ($2,600), Spain ($2,900) and Greece ($1,450).

Meanwhile, Tel Aviv is the most expensive city in the index, at €14,740 ($16,000) per square meter on average. The runner-up is Paris at $15,900, with Munich ($12,400), London ($10,000) and Amsterdam ($8,500) far behind.

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