Tel Aviv: The City That’s Ever Steep

From Ramat Aviv to Jaffa, housing prices are soaring. And, a big drop in construction starts last year means there will be little relief anytime soon.

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The overheated property market in Tel Aviv’s most expensive areas, such as the Old North, New North, downtown, Lev Ha’ir and neighborhoods north of the Yarkon River, seemed to be cooling off for a time last...