Global Property Guide has ranked Tel Aviv as the world's 33rd most expensive real estate market with average prices of $4,582 per square meter.
This is less than 10% of the world's most expensive city Monte Carlo where the average price per square meter is $47,578. In second place is Moscow ($20,853) closely followed by London ($20,756), Tokyo ($17,998), Hong Kong ($16,125) and New York ($15,828).
The prices are based on a 120 square meter apartment in the city center.
Israel finds itself sandwiched between Milan in 32nd place with prices of $4,624 per square meter and Prague in 34th place with prices of $4,559 per square meter.
