www.bethelfinance.com
Bethel Finance news:
NIS 2.36 billion in new mortgages were granted in October 2011, 22% less than in September and 51% less than the peak of NIS 4.8 billion granted in May, the Bank of Israel reported today. The amount of new mortgages has returned to the prevailing level in 2007, before the surge in home prices.
The average mortgage was NIS 568,000 in October, 0.7% less than in September. Mortgages worth NIS 71 million were granted at a loan-to-value (LTV) ratio of 90% of the property value; NIS 95 million were granted at an LTV of 75-90%, NIS 797 million were granted at an LTV of 60-75%, and the largest amount, NIS 823 million, was granted at an LTV of 45-60%.
552 mortgages for a total of NIS 317 million were granted to buy homes for investment.
No comments:
Post a Comment