New mortgages taken totaled NIS 5.2 billion last month, the Bank of Israel reports.
The amount of new mortgages taken by the Israeli public rose in November. New mortgages last month totaled NIS 5.2 billion, compared with NIS 4 billion in November 2014, the Bank of Israel reports.
The November mortgage taking figure is also up 13% from October 2015, and up 23% from September (both months adversely affected by the holidays).
A breakdown of the new mortgages taken in November shows that NIS 2.7 billion was in fixed interest mortgages and NIS 2.53 billion in variable interest mortgages. Only NIS 121 million of new mortgages taken in November were part of the recycling mortgages program.
Published by Globes [online], Israel business news - www.globes-online.com - on December 13, 2015
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