Study: Rent rose 5 times faster than salaries

Rental prices increased more than five times faster than salaries since 2009, according to a Knesset Research and Information study presented at an Economic Affairs Committee meeting on home prices Tuesday.

The ratio of rent to salary, a common measure of affordability, rose some 30.8 percent in the same period, the study found.

Rent price increases have coincided with the booming cost of housing, which the study said rose 71.7% in real terms from mid-2007 until 2015.

Source: http://www.jpost.com/Israel-News/Study-Rent-rose-5-times-faster-than-salaries-432631

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