Coglasno to official statistics, in 2015, housing in Israel has risen in price by 7.8%, but the actual purchase price of apartments increased by 13.5%, according to the portal Newsru.co.il with reference to the statement by the Deputy Chairman of the Bank of Israel Nadine Bodo-Trachtenberg, "Globes" published in the newspaper.
According to the Bodo-Trachtenberg, the reason for this situation was the increase in the cost of financing the purchase of housing, 31% in the past year. This was primarily due to an increase in interest rates on mortgage loans and increase the average term of repayment mortgage from 19 years to 21 years.
As I predicted in 2015, in I quarter 2016 home prices continued to rise. According to the Department of Real Estate to the Ministry of Justice of Israel, in the period January-March of apartments rose by an average of 1.6% in comparison with the previous quarter.
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