Strongest September for mortgages in 10 years

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8,363 mortgages got in September in Israel – the same quantity to July and August and to the summer time of 2019.


Regardless of the Covid-19 disaster, regardless of lockdown and regardless of the Jewish holidays, September was the strongest month for 10 years in mortgage taking in Israel. Banks gave out NIS 6.three billion in mortgages final month. Homebuyers within the Patrons Value Goal plan, which the federal government is phasing out, made up 15% of mortgage takers.

Low rates of interest and political uncertainty are different causes for the frenzy to take mortgages.

8,363 mortgages got in September – the same quantity to July and August and to the summer time of 2019.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on October 22, 2020

© Copyright of Globes Writer Itonut (1983) Ltd. 2020



Aura residential building undertaking / Picture: Eyal Izhar, Globes

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