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Final month noticed the fewest the variety of mortgages taken since Might 2021, aside from the ‘holidays’ month of September 2021.
Much less folks took mortgages in Israel in July however the common mortgage taken climbed to a brand new file, the Financial institution of Israel experiences.
9,701 mortgages had been taken in July 2022, down 16% from July 2021, and down 20% from June 2022. However whereas considerably much less mortgages had been taken final month, in all probability due to larger rates of interest, and particularly the 0.5% hike in July, people who did take mortgages took a file common quantity of NIS 948,000. Not together with the federal government sponsored Mekhir Lemishtaken program, the common mortgage taken was NIS 1.08 million.
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Final month noticed the fewest the variety of mortgages taken since Might 2021, aside from the ‘holidays’ month of September 2021, when figures had been very low.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on August 25, 2022.
© Copyright of Globes Writer Itonut (1983) Ltd., 2022.
Mortgages credit score: Shutterstock
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