NIS 70 billion in mortgages were taken last year, beating the 2013 record, the Bank of Israel reports.
Mortgage taking in Israel grew 36% in 2015 to a record of more than Nis 70 billion, the Bank of Israel reported today in its summary of discussions about the January interest rate decision. This figure was 36% above 2014's mortgage taking of NIS 51 billion, and the previous record mortgage taking of NIS 51.6 billion in 2013.
Mortgage taking in December 2015 was NIS 5.63 billion, up from NIS 5.22 billion in November and the highest figure since the NIS 6.23 billion of mortgages taken in August 2015. The average amount of mortgages taken each month in 2015 was NIS 5.84 billion.
Published by Globes [online], Israel business news - www.globes-online.com - on January 11, 2016
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