calcalist.co.il (nprofile…m2lw)
✍️ According to a recent report, the Israeli real estate market has seen a 7.5% increase in prices over the past 12 months, with a 0.9% increase in the past two months. The report suggests that the market may slow down due to the central bank's restrictions on building loans.
👉 The Israeli real estate market has seen a 7.5% increase in prices over the past 12 months.
👉 The report suggests that the market may slow down due to the central bank's restrictions on building loans.
👉 55% of new homes sold in February were purchased through financing schemes that allow buyers to pay only 20% of the property's value upfront.
👉 The restrictions on building loans aim to reduce the number of building loans and prevent a housing bubble.
#ShmuelAbrazon,theChiefEconomistoftheIsraeliMinistryofFinance #GalitBen-Naim,theDeputyChiefEconomistoftheIsraeliMinistryofFinance #Israel #realestate
quotingcalcalist.co.il (nprofile…m2lw)
nevent1q…6gmk
According to the data from the Israel Tax Authority, apartments have increased in price by 7.5% over the past year. However, the data refers to a period before the Bank of Israel's cap on balloon loans. What can be expected in the coming months? On one hand, the inventory of unsold apartments has reached a peak, and on the other hand, contractors are struggling to complete construction due to a shortage of workers.
https://www.calcalist.co.il/real-estate/article/ryct00zna1l