Mortgage taking in Israel amounted to NIS 5.5 billion in November 2023, up 21% from October but down 27% from November 2022, the Bank of Israel reports.
Mortgage taking in Israel amounted to NIS 5.5 billion in November 2023, up 21% from October but down 27% from November 2022, and down 50% from November 2021, the Bank of Israel reports. Some 6,000 housing deals were agreed in November, well below the monthly multi-year average of 8,500.
Even before the war the real estate market was in decline and clearly many are not eager to go house-hunting while rockets are still falling. Some would argue that even 6,000 deals in the current circumstances demonstrates that the market could recover quickly when the fighting dies down.
Published by Globes, Israel business news - en.globes.co.il - on December 12, 2023.
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