A recent survey found that nearly a third of Israeli citizens are renting, and that a third said they’re renovating or renovating their homes, according to a report released by Israel’s Finance Ministry.
The report, titled “Renovations, rents and renovations,” examined the cost of renovation services, such as replacing windows, and renovations, including remodeling, repairs and maintenance.
The survey, which included 6,800 Israelis, showed that nearly 80 percent of respondents are renting or renovifying their homes.
Renters who rent or renovate have the option of paying a premium to rent out their rooms and are required to have a “reasonable” monthly rental budget.
The survey showed that only 15 percent of rental properties have a monthly rental limit, which the ministry said is far less than the average rate of 25 percent.
“Rents are increasing faster than average, and the cost to rent a property is not the only issue.
It also includes taxes, fees, and other charges,” said the ministry’s deputy chief of staff for economic affairs, Michael Yerushalmi.
“Most of these costs are not taken into account by the rentier, so it’s the result of a lack of knowledge and knowledge of the rental market, as well as a lack to think about the consequences of the rent.”
Renting and renovating is becoming more common among younger Israelis, according a study released last year by the Israel Institute for Social Policy and Research.
Rents in Israel increased by 13.2 percent between the start of last year and the end of 2016, the report found.
The average monthly rent in the country increased by 22 percent in the first nine months of this year, according the Israeli Center for Research and Statistics.
In the same period, the average rent for a two-bedroom apartment decreased by 14 percent.
Renting and renovations are the biggest growth areas in Israel, said Yair Lapid, the minister responsible for economic and budgetary policy.
“The trend in the rental sector is also becoming more and more prevalent, with a trend towards more frequent and more sophisticated renovation and rental, according [to the report],” Lapid told reporters on Tuesday.
The government has also increased subsidies for renovating and renting homes in order to increase the number of rental units in the nation.
In February, Lapid announced a new subsidy of 8,000 shekels ($1,900) for the first time, for renovations and for renting out one-bedroom apartments, which can cost between $2,200 and $5,000.
The subsidy will be increased by 10 percent annually.
The new subsidy will not apply to people who have already received an increase from the previous subsidy, or who already own a property.
The minister said the government expects to increase subsidies to cover a similar increase in the next five years.
Rental prices in Israel are currently much higher than in other European countries, and many renters say that their prices are not as low as they could be, according and an analysis of government data by the Jerusalem Post.
Rates of rental evictions in Israel have been increasing, with more than a third reporting to the Housing Ministry as a result of evictions.
The Israeli Housing Ministry has also been working to increase rental subsidies for all kinds of renters.
According to the ministry, the subsidies amount to $5.8 billion ($5.2 billion per year).
According to an estimate from the Israel Association for Renters, about 3,500 Israelis are renters and have to pay the equivalent of more than $1,200 per month in rent, which is nearly $400 per person.
According the report, the percentage of renters in the middle-income brackets is also increasing.
A majority of Israelis in the top income bracket are renting and renovate, the survey found.