Full coverage· Economy· Updated
Israeli Mortgage Activity Stable Despite Holiday Dip, Bank of Israel Reports
Israeli mortgage lending for housing dropped 20.5% in September to NIS 8.66 billion due to holidays, but daily lending activity remained stable and even increased. Year-to-date lending is up 12% compared to last year, indicating a strong credit market.
2 newsrooms · 1 language · since
Plus
What happened
- 01Israeli housing mortgage lending fell 20.5% to NIS 8.66 billion in September due to holidays.
- 02Daily mortgage lending pace increased by 3% to NIS 536 million per business day.
- 03Year-to-date housing loans total NIS 88.3 billion, a 12% increase from last year.
- 04Borrowers are shifting towards prime rate loans, increasing their share to 26%.
- 05The credit market remains strong, contrasting with a weaker real estate market.
Borrowers are increasingly choosing prime rate loans, while inflation-linked loans remain low. Experts advise careful risk management for borrowers.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- Centre1
- RightNone
- HarediNone
- ArabNone
- Other1
How it broke
See which of the 2 newsrooms broke it, and who waited
