The mortgage market continues to boil: In the face of low interest rates and the removal of the prime interest rate limit, banks approved mortgages in November in the amount of NIS 11 billion | Record year: Banks in Israel have granted NIS 104 billion in mortgages since the beginning of the year
Shay Klein 14.12.2021
NIS 10.98 billion, this is the amount granted as a mortgage loan to the public in November 2021, according to data from the Bank of Israel.
This is compared to NIS 10.7 billion taken last month.
Although this is an increase of 2.5% per month, it is also a jump of 54% compared to the corresponding quarter last year, according to a calculation in BizPortal.
The peak of mortgages was recorded in August 2021, when NIS 11.85 billion was taken out as mortgage loans, and the volume of mortgages since the beginning of the year now stands at a record NIS 104 billion, an amount that is considered an all-time high – even compared to 2020, which was a record year. Taken as a mortgage.