Israeli mortgages going through difficult times

30.08.2010 11:28
Articles about real estate | Israeli mortgages going through difficult times This is evidenced by the results of a survey conducted by the institute "Shiluv. This is very alarming figures, given that mashkantoy (so called here the most common form of housing loans) is burdened about one third of the total population. In addition, 63% of the local "mortgage holders" and 84% of young families reported that the mortgage payment, they send most of their income. Even more unstable situation makes a substantial (more than 20%) increase in housing prices in Israel. In this case, the central bank expects the conservation of this trend for at least another within 12 months of the next that can make housing loans is simply unaffordable for most local people.
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