Real Estate

Central Bureau of Statistics:  construction starts in 2021 amounted to 63,330,000 - 13% increase
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by Ifi Reporter

Category: Real Estate

2021 was a record year in the real estate market and not only in terms of prices and sales of apartments. Data published by the Central Bureau of Statistics (CBS) summarizes the number of construction starts in 2021 amounted to 63,330,000 apartments - a record not observed since 1995. This is an increase Of 13% compared to 2020, when construction began on 55,990 apartments. The data are set against the background of statements by Finance Minister Avigdor Lieberman on new measures to cool price increases, the launch of a new lottery for 10,000 discounted apartments funded by the government...

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Mar 20, 2022

Bank of Israel might approve a rise in interest rates that banks will charge for Mortgages
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by Ifi Reporter

Category: Real Estate

The Bank of Israel announced Sunday a number of measures that ostensibly signal an increase in credit risks in the real estate market. The possible significance of this step could be the rise in interest rates that banks will charge on loans to purchase high-leveraged land. The Supervisor of Banks, Yair Avidan, said that "in light of the increase in risk appetite and the banking system's exposure to the construction and real estate industry, we have recently instructed the banks to hold appropriate discussions on the matter with their boards of directors and management

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Mar 20, 2022

Volume of mortgages taken in March: NIS 13.42 billion - NIS 1 billion more than previous record
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by Ifi Reporter

Category: Real Estate

The record for taking out mortgages by the public of apartment and house buyers in Israel was broken, just before the interest rate was raised: The volume of new mortgages taken by the public in March amounted to NIS 13.42 billion, about NIS 1 billion more than the previous record in December last year. This was reported by the Bank of Israel. This is an increase of 19.7% compared to the previous month and an increase of 55.7% compared to the corresponding period last year. In total, housing loans totaling 34.6 billion were taken out in the first quarter of the year, and 137 billion in the...

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Apr 12, 2022

The average mortgage amount reached a peak of NIS 975,000 in March - 15.5% increase
216 Views Details

by Ifi Reporter

Category: Real Estate

The average mortgage amount reached a peak of NIS 975,000 in March - another step up in mortgage activity, which reflects the increase in apartment prices and the leverage of bank customers, in light of the rise in apartment prices. This, is without a corresponding increase in the equity of apartment buyers. Investors finance the increase in total mortgages by increasing repayments and increasing the average duration of the mortgage repayment. Data from the Bank of Israel show that 13,780 mortgages were taken out in March - an increase of 15.5% compared with February, which mainly reflects...

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May 1, 2022

A Knesset committee will examine the rental housing market - why prices don't stop to surge
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by Ifi Reporter

Category: Real Estate

After Finance Minister Avigdor Lieberman claimed yesterday that rental prices had not risen significantly, the Knesset approved the establishment of a committee to examine the rental housing market under the Economics Committee, headed by MK Yevgeny Soba, a Knesset member of Lieberman Yisrael Beiteinu's party. The faction because he did not know at all about the establishment of the committee and not about the appointment of MK Soba. The committee that will be established will also include MK Limor Magen Telem (Yisrael Beiteinu) and MKs Ron Katz (Likud) and Uri Maklev (Torah Judaism)....

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Jun 12, 2022

Purchases of apartments by young couples fell by 28% compared to March
133 Views Details

by Ifi Reporter

Category: Real Estate

A decline in investor purchases and housing improvement activity led to a sharp decline in the volume of the housing market in April, according to a survey by the Ministry of Finance. The young couples who bought their first apartment preferred the periphery: Although the purchases of apartments by the couples fell by 28% compared to the previous month (27% minus the price-per-tenant plan), demand increased in the peripheral areas. In a comparison between April 2022 and April 2021, it was found that couples' purchases in the center of the country decreased by 9%, while in the periphery,...

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Jun 15, 2022

CBS:  in Q1 of 2022 the number of dwellings that began to be built amounted to 19,943
139 Views Details

by Ifi Reporter

Category: Real Estate

Encouraging data on the acceleration in the pace of apartment construction. Data from the Central Bureau of Statistics published today (Monday) show that the first quarter of 2022 was a record quarter in the rate of construction starts. The number of dwellings that began to be built in the quarter was 19,943 - an increase of 3% compared to the previous quarter and a jump of 40% compared to the corresponding quarter last year. This is the second consecutive quarter in which apartments are being built at a rate approaching 80,000 apartments per year, a record of 20 years

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Jun 20, 2022

The total number of mortgages taken out in June was 11.88 at an amount of NIS 116.09 billion
136 Views Details

by Ifi Reporter

Category: Real Estate

The total number of mortgages taken out in June 2022 was 11.88. In 2021, the total volume of mortgages crossed the 100 billion mark for the first time and stood at NIS 116.09 billion, with a monthly average of NIS 9.674 billion. This is compared to a total of NIS 78,108 billion in 2020 (a jump of almost 50%). The total mortgages granted so far in 2022 stand at about NIS 60 billion. In 2021, the total volume of mortgages crossed the 100 billion mark for the first time and stood at NIS 116.09 billion, with a monthly average of NIS 9.674 billion. This is compared to a total of NIS 78,108...

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Jul 13, 2022

Registration for second lottery for the apartment at a reduced price has ended:: 112,625  registered
274 Views Details

by Ifi Reporter

Category: 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....

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Jul 18, 2022

Average mortgage amount given by the banks to the public decreased in June by 0.7% to NIS 988,000
381 Views Details

by Ifi Reporter

Category: Real Estate

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...

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Jul 25, 2022

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