Tenants

Israel plans to introduce mandatory landlord reporting and long-term lease incentives to regulate the 50 billion NIS rental market, aiming to curb soaring prices and stabilize contracts for 2.5 million tenants.

In Manhattan, rent in stabilized apartments is half the market price, while in the Bronx the gap is only 12%.

Shop owners in Azrieli Group malls were stunned to receive demands for tens of thousands of shekels in additional payments. The funds are intended to cover multi-million shekel budget holes in the group's management companies.