In the past two years, rental prices in many parts of the capital have skyrocketed, with a hefty price tag attached to just about anything resembling accommodation in the holy city. Even neighborhoods that many people had considered undesirable in the past, like the Katamonim and Kiryat Hayovel, are now hot spots for renters and buyers alike - and landlords are taking notice, in some cases raising rents by as much as $200 in two years.
The rise in rental costs is linked with a variety of factors. Many people blame the fact that the real estate market in Israel is for the most part dependent on dollar prices, and that the drop in the value of the dollar has caused landlords to scramble to make up the difference by raising prices.
