Mortgage loans in Israel fell to NIS 4.61 billion in April 2023, the Bank of Israel reports — the lowest monthly figure since October 2019. Despite the hike in interest rates, this low figure is partly explained by the large number of holidays last month.
In March 2023, mortgage loans amounted to NIS 6.783 billion, a slight increase compared to the previous month, after four consecutive months of decline. March 2022 saw an all-time record high in mortgage loans with loans totaling NIS 13.432 billion taken out, triple the amount of last month.
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At the beginning of 2023, mortgages returned to 2020 levels while last month they fell back to 2019 levels. The average mortgage loan amounted to 5.639 billion shekels per month in 2019 and 4.964 billion shekels per month in 2018. So far in 2023, the average Mortgage loans: 5.871 billion shekels per month.
Published by Globes, Israel business news – en.globes.co.il – on May 10, 2023.
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