In January 2025, NIS 7.3 billion was taken in new mortgages in line with preliminary figures from the Financial institution of Israel. Though this determine is 50% down from December 2024, it needs to be taken into consideration that this was an distinctive month as many homebuyers took mortgages for brand spanking new houses to be the VAT hike from 17% to 18% on the finish of the 12 months. In contrast with January 2024, mortgage taking was up 30%, and up 15% from January 2023.
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Solely 15.5% of the mortgages taken in January 2025 totaling NIS 1.13 billion had been as a part of buy-now pay-later offers with builders through which patrons put down solely 10%-20% of the acquisition quantity now and pay the remainder on occupancy. That is the bottom determine for such mortgages since April 2024.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 13, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
