 Since 2007, Israel has also experienced a gradual rise in housing prices.This increase followed a decade-long period of low housing costs, between 1996 and 2005, as well as a long history of significant government involvement in the public housing sector.According to data from the Israel Central Bureau of Statistics, from 2005 to 2011 apartment rental prices rose 34% on average, 49% in the Gush Dan region around Tel Aviv.