Uncensored Israel News, Jewish news, National Israeli news

Tel Aviv the most expensive city in the Middle East

According to the Mercer survey, Tel Aviv remains an outrageously expensive city. The survey barely addresses quality of life, which despite skyrocketing prices is relatively low in Tel Aviv, certainly much lower than in Dubai, Abu Dhabi, or Riyadh.

The main reason for such high prices is, of course, monopoly. The problem is the bureaucratic red tape that serves as an obstacle to any business venture, and the existence of various commercial quasi-monopolies, such as import agents, real estate zoning regulations, and utilities.

Tel Aviv

Email This piece of Israel News Print This piece of Israel News 13 June 2012 economy reddit Facebook Twitter

click to comment
Past coverage: economy
09.06 Israeli socialism comes to bookstores
07.06 Israeli youth statistics affected by welfare and Arabs
01.06 Kineret fish died because of drought
30.05 State builds hospitals for private insurers