NIS 9.5 billion in real estate loans were obtained in all, a record number in May according to preliminary figures released by the Bank of Israel today. NIS 9.5 billion in real estate loans were obtained in all, a record number in May according to preliminary figures released by the Bank of Israel today. This is 9% more than the previous monthly record set in March 2020. 2021 appears to be the third year in a row that the mortgage-taking record has been broken, with the annual rate of mortgage taking approaching NIS 100 billion, after NIS 78.1 billion. In real estate loans were taken last year and 67.7 billion shekels in 2019. In the first five months of 2021, more than 40 billion shekels in real estate loans were taken. Bank of Israel figures show that mortgage holders, including young couples, are taking out more mortgages than in the past which is a higher percentage of the home they buy. In April, the average mortgage obtained by young couples buying apartments that were entitled to purchase as part of the Mechir Lemishtaken program rose to NIS 942,000, up from NIS 833,000 in March and NIS 771,000 in February. . The average mortgage for Mechir Lemishtaken buyers was 90% higher than in the months before the Covid crisis. The average gross mortgage amounted to NIS 866,000, up 20% from before the Covid crisis. Published by Globes, Israel business news – en.globes.co.il – June 15, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021 New Construction Photo: Tamar Matsafi
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