Real Estate

the number of transactions in September was among the highest in the last twenty years
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by Ifi Reporter

Category: Real Estate

Despite the corona crisis, the closure and the High holidays, the number of transactions in September 2020 was among the highest recorded in September in the last twenty years, both in terms of total transactions and those made in the free market only. This is according to data from th chief economist at the Ministry of Finance. The numbers indicate that last September 9,600 apartments were purchased (including price-per-tenant apartments), unchanged from September 2019 and a decrease of 11% compared to the high level of transactions recorded in the previous month. These are particularly...

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Nov 9, 2020

Corona crisis? A 68% jump in the number of new dwellings sold in September: 3,459 compared to  2,050
240 Views Details

by Ifi Reporter

Category: Real Estate

A 68% jump in the number of new dwellings sold in September this year, which stood at 3,459 compared to 2,050 sold last September; This emerges from data from the annoying bureau of statistics published on Thursday. According to the data in total in the third quarter of 2020 (July-September 2020), 10,140 new apartments were sold - a jump of about 19% compared to the corresponding quarter last year, in which 8,467 new apartments were sold. The CBS data is similar to the analysis of the chief economist at the Ministry of Finance, Shira Greenberg, published on Sunday. According to Greenberg,...

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Nov 12, 2020

Stability in mortgages:  NIS 52.8 billion in those loans are in the status of deferral (grace)
249 Views Details

by Ifi Reporter

Category: Real Estate

In October, there was stability in the volume of mortgages that are currently in decline. According to data published today (Tuesday) by the Bank of Israel, NIS 52.8 billion in mortgages are in the status of deferral (grace) in the banks, similar to September, and a share of 13.4% of the total mortgage portfolio, amounting to NIS 395 billion. In May, at the height of the Corona crisis and the first wave, the volume of deferred mortgages was NIS 94.3 billion (25% of the total mortgages in the system). Mortgage data in October indicate the strength of the housing market even in the days of...

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Nov 24, 2020

It's official:  the limit on taking a prime interest mortgage -  Will be removed ob Jan 2021
329 Views Details

by Ifi Reporter

Category: Real Estate

Now it's official: starting in another three weeks, on January 17, the limit on taking out a prime interest mortgage will be removed, so that up to two-thirds of the mortgage on this component can be taken out. This is the cheapest component in a mortgage, but the borrower is also exposed to an increase in payment in the scenario of an interest rate increase. This relief will be relevant in three weeks to all apartment buyers (first apartment, housing improvers and investors). As for those who refinance a mortgage - he will be able to enjoy the relief a month and a half later - starting on...

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Dec 28, 2020

Borrowers of new housing loans can attach two-thirds of the loan to the prime interest rate
208 Views Details

by Ifi Reporter

Category: Real Estate

From Sunday, borrowers of new housing loans can attach two-thirds of the loan to the prime interest rate, which is at a low. The basic interest rate in the Bank of Israel is 0.1% per annum, and therefore the prime interest rate is 1.6%, according to which each bank determines the interest rate on the loan it will grant to the borrower. This is a directive announced by the Bank of Israel last month, which means removing restrictions on the provision of variable-rate housing loans. At the end of December, the Bank of Israel updated that it had set January 17 as the date on which restrictions...

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Jan 17, 2021

2020: A record year in demand for new apartments: 38,000 apartments were sold - Jump of 14%
193 Views Details

by Ifi Reporter

Category: Real Estate

Despite the corona plague, last year saw a record year in demand for new apartments. In 2020, there was a 14% jump in this category compared to 2019. Data from the Central Bureau of Statistics show that in the past year, 38,000 apartments were sold, compared to 33,000 new apartments sold in 2019. This is the peak of at least a decade. The previous record was set in 2015, when 31,000 new apartments were sold. A possible explanation for the sharp increase in the number of new apartments sold is the demise of a price-per-tenant program. As long as the government kept the plan alive thousands...

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Feb 14, 2021

March data on new mortgages Amounted to NIS 22.3 billion - an increase of about 7%
144 Views Details

by Ifi Reporter

Category: Real Estate

March data on new mortgages published today (Monday) by the Bank of Israel were another illustration of how hot the residential real estate market is. Amounted to NIS 22.3 billion - an increase of about 7% compared to the corresponding quarter in 2020. It is one of the strongest quarters in the mortgage market ever in the country. In addition, the volume of mortgages taken in the first quarter of 2021 is 44% higher than the rate of mortgages taken in the corresponding quarter in 2019

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Apr 19, 2021

 Real estate market is heating up: In March 13,200 apartments were sold - A 38% increase
142 Views Details

by Ifi Reporter

Category: Real Estate

The real estate market is heating up: In March this year, one of the highest levels of transactions in the residential housing market was recorded, after 13,200 apartments were sold - a 38% increase compared to March 2019 and a 26% increase compared to the previous month. Since the corona plague broke out in March 2020 and the numbers were exceptional at their low level, the Economics Division decided to make a comparison for 2019. After deducting government-subsidized transactions ("price per occupant"), the number of transactions in the free market in March was 11,500 apartments sold -...

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May 30, 2021

 Israel Bank: Over time the increase in apartment prices is similar to the increase in income
176 Views Details

by Ifi Reporter

Category: Real Estate

The Bank of Israel has published an analysis of the housing market in Israel. Expenditure on housing services is the largest expenditure component of households, buying an apartment is the largest expenditure of most households during their lifetime, and apartments make up about 50 percent of their asset portfolio. Therefore, the rise in housing prices over the past decade has placed the housing market at the center of public discourse and government policy. All of these point to the importance of understanding developments in the housing market and the need for tools to analyze it. A...

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Jun 6, 2021

The volume of mortgage performance soared in May to a peak of NIS 9.473 billion
134 Views Details

by Ifi Reporter

Category: Real Estate

The volume of mortgage performance soared in May to a peak of NIS 9.473 billion. This emerges from data published by the Bank of Israel. In May, there was a 14% increase compared to the amount of mortgages marketed by the banks in April, and an increase of 82% compared to May 2020 - which was affected by the corona closures. The increase in the amount of mortgages reflects the increase in the marketing of apartments, the prices of apartments and the upward trend in the rates of leverage and risk that buyers take on in the effort to purchase apartments

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Jun 15, 2021

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