real estate market is escalating and after in July NIS 1.8 billion in mortgages were taken out in August

The madness around the real estate market is escalating and after NIS 11.5 billion in mortgages were taken out in July, NIS 1.8 billion in mortgages were taken out in August, reflecting the continued high demand in the market. The banking system does not have to provide a mortgage for the purchase of an apartment for investment without paying equity in cash, which means that it will not be possible to mortgage a second apartment to cover the equity.
It is estimated that the Bank of Israel's new directive will cool the market slightly, but demand is still very high and it seems that over time it will not be possible to curb continued price increases by difficult regulatory measures such as the Bank of Israel's new directive.
Recall that at this stage the rate of increase in housing prices in Israel is rising at a double-digit annual rate and it does not appear that the rate will moderate, therefore, the consensus of estimates suggests that the rate of mortgage mortgages will continue to be high.