Tel Aviv and Jerusalem among 10 most expensive Airbnb cities

The prices of Tel Aviv and Jerusalem’s Airbnb have recently risen.

As reported by Globes, the Bloomberg index puts Miami and Boston at the top of the list as the most expensive places in the world in terms of daily cost for private residences.

There, Airbnb cost between $205 and $194 per night.

The Middle East rose as well with five Middle East cities among the 15 most expensive cities in the world.

Tel Aviv and Dubai are in fourth and fifth place on the index and Jerusalem is also high up on the list.

In Israel, the high cost for Airbnb is the result of the high cost of housing in Tel Aviv and Jerusalem.

According to Globes, Airbnb has added 10% to rents in Tel Aviv.

Some cities around the world, like New York, have imposed restrictions on the short-term rental market to avoid the increase of rent costs.