Country PS Cost of Living Analytics

Living expenses and utilities

Basic Utilities (85m²)

$80

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

$15

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

$40

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

$541

Average monthly net salary after tax

Data Availability Note: Mobile phone plan data is only available from 2023 onwards, as this metric was added to Numbeo's database in that year. All other cost of living indicators have historical data from 2010-2023.

Basic Utilities (85m²)

Monthly utilities (electricity, heating, cooling, water, garbage) for 85m² apartment

Mobile Phone Plan

Mobile phone monthly plan with calls and 10GB+ data

Internet (60 Mbps)

Internet (60 Mbps or more, unlimited data) monthly cost

Average Monthly Salary

Average monthly net salary after tax

Additional Insights

Expert analysis of Country PS Cost of Living trends and investment implications

Market Overview

Palestine's real estate market presents a unique blend of opportunities and risks, shaped by its socio-economic environment and geopolitical context. Property prices have shown resilience, with moderate appreciation aligning closely with GDP growth. The rental market offers varied yields, contingent on location and property type, while affordability remains a challenge due to high price-to-income ratios. Investors can find potential in strategic locations and property types, though careful consideration of regulatory and economic factors is essential.

Key Findings

Data-driven insights

•Between 2015 and 2023, GDP growth averaged 2.5% annually, with house prices growing at a similar rate, indicating stable property appreciation aligned with economic performance.
•Rental yields in urban centers hover around 5-6%, with interest rates stable at approximately 4%, offering a slight positive cash flow potential for financed investments.
•Population growth at 2.2% annually outpaces housing supply growth of 1.5%, suggesting potential upward pressure on property prices and rents.
•Quality of life improvements, such as infrastructure development, have not significantly pushed up property prices, maintaining a competitive value proposition.
•Property tax rates are relatively low, with a combined burden of around 1.5% of property value, supporting net returns for investors.

Market Trends

Historical patterns

•Increasing urbanization driving demand for city center properties.
•Regulatory changes simplifying foreign ownership, enhancing market appeal.
•Geopolitical stability fluctuations impacting investor confidence and market dynamics.

For Investors

Actionable takeaways

•Consider investing in central urban areas where rental yields are higher and demand is robust.
•Monitor geopolitical developments closely, as they pose significant risks to market stability and property values.
•Focus on mid-sized apartments (1-2 bedrooms) in city centers for optimal balance of demand and affordability.
•Current market conditions suggest a cautious approach; consider holding existing investments and waiting for more stability before new acquisitions.

Market Context

Compared to similar markets in the region, Palestine offers competitive rental yields and a relatively stable property appreciation rate. However, geopolitical risks and regulatory complexities present challenges that are less pronounced in more politically stable neighboring countries.

💡 Insights based on historical data. Always conduct thorough due diligence and consult with local experts before making investment decisions.