Real Estate

Registration for the second lottery for the apartment at a reduced price has ended. 112,625 households registered this time for the lottery, which ended yesterday (Sunday) at 11:59 PM, and which included 5,499 discounted apartments in 25 localities throughout the country. The results of the current lotteries will be announced in August. While apartment prices continue to rise, demand for discounted apartments is also at its peak. The current lottery joins the first lottery in which about 120,000 eligible people registered and won over 10,000 households in the apartment at a discount....

The average mortgage amount given by the banks to the public decreased in June by about 0.7%, to NIS 988,000 compared to NIS 995,000 in May of this year. In June, banks made 12,024 mortgages and marketed a total of 11.9 billion shekels - according to data published by the Bank of Israel. The decrease in the average mortgage amount occurs at the same time as the decrease in apartment sales and the stagnation in the increase in the volume of mortgages in recent months, after the record recorded in March of this year - NIS 13.4 billion. The decrease in the amount of the mortgage does not...

A historic record in the number of apartments whose construction began - 72,540 in the 12 months between July 2021 and June this year, 24% higher than the previous 12 months (July 2020-June 2021) in which the construction of approximately 58 thousand apartments began. The number of apartments whose construction began in the period under review is the same as the record recorded in 1995 at a time when hundreds of thousands of immigrants from the Commonwealth of Nations were absorbed into the country. According to the Central Bureau of Statistics, the number of apartments with construction...

The volume of mortgages taken out by home buyers in October dropped by 21% compared to September - according to data published today (Sunday) by the Bank of Israel. The banks marketed mortgages amounting to only NIS 6.089 billion, compared to NIS 7.7 billion in September. Compared to October 2021, this is a decrease of 43%

The fourth lottery of the "discounted apartment" program is underway: the Ministry of Construction and Housing and the Israel Lands Authority (RMI) announced that another lottery, which includes about 7,000 discounted housing units throughout the country, will open at the end of the year (Wednesday, 12.28.22) and will be closed About a week and a half later, with the beginning of the new civil year (Sunday, January 8, 23). So far this year, about 21 thousand households have won the lotteries held as part of the program, which was promoted by the outgoing Minister of Construction and Housing...

The contractors sold only 1,819 apartments in October, which is a 68% decrease compared to October 2021 and a 34% decrease compared to sales in September - according to data published by the Central Bureau of Statistics (CBS). This is the lowest volume of sales recorded in the industry since the corona virus shutdown in April 2020