Mortgage

At a Media Real Estate event, CPA Uri Yonisi from Bank Leumi revealed that a doubling of mortgage applications in the last six months indicates a hot market.

Exploring the surge in mortgage demand amidst economic challenges, with insights from Shushelat Finance on preparing for market scenarios and optimizing mortgage options for apartment buyers.

Since the war began, public demand for building fortifications has surged. However, for private homes and apartments without safe rooms, the initial high demand for fortifications has now plateaued.

The BOI offers temporary relief to borrowers, allowing them to increase their mortgage for debt relief or Merkhav Mugan (protected space) construction in old apartments.

The future projected difficult economic situation is due to slowdown, an increase in interest rates, and difficulties in repaying mortgages.

Those who buy property or other financial assets like stocks and bonds keep and grow their money over time.

On June 11, it was announced that a two-decade low was recorded in the number of real estate transactions throughout Israel.

Apartment buyers, borrowers, mortgage consulting companies and banks are learning the new reality to properly deal with a different and challenging market situation.

The central bank noted that an average return on equity of 16.4% was the highest since 2006, with some banks reaching 20%.