Mortgage taking in July 2022 amounted to NIS 10.1 billion, 12% down from July 2021, the Financial institution of Israel studies. Solely two months over the previous 12 months have seen a decrease month-to-month determine – September 2021 and January 2022.
Whereas the Financial institution of Israel knowledge doesn’t present particulars about the kind of offers, it’s clear that the small variety of housing purchases for funding contributes to the autumn. The variety of housing offers is considerably down, in response to each the Central Bureau of Statistics and the Chief Economist of the Ministry of Finance however to offset this the dimensions of mortgages being taken is growing. It would solely develop into clear over the approaching few months to what extent the rise in rates of interest is dampening the mortgage market.
Printed by Globes, Israel enterprise information – en.globes.co.il – on August 14 2022.
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