Mortgage taking in Israel slumped to NIS 4.61 billion in April 2023, the Financial institution of Israel stories – the bottom month-to-month determine since October 2019. Regardless of rising rates of interest, the low determine is partly defined by the massive variety of holidays final month.

In March 2023 mortgage taking amounted to NIS 6.783 billion, a slight rise in contrast with the earlier month, after 4 consecutive months of declines. March 2022 noticed an all-time file excessive in mortgage taking with loans totaling NIS 13.432 billion taken, triple final month’s quantity.

In the beginning of 2023 mortgage taking returned to 2020 ranges whereas final month they’ve now retreated to 2019 ranges. Mortgage taking averaged NIS 5.639 billion per thirty days in 2019 and NIS 4.964 billion per thirty days in 2018. To date in 2023, mortgage taking has averaged NIS 5.871 billion per thirty days.

Printed by Globes, Israel enterprise information – en.globes.co.il – on Could 10, 2023.

© Copyright of Globes Writer Itonut (1983) Ltd., 2023.