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Main » Articles » Real Estate » Real Estate News

Israel reduced the number of housing sales

In June, the number of purchased apartments in the country decreased by 25% relative to the previous month.

The number of completed transactions with apartments fell by 27% - to 1,5 thousand, according to Globes, citing data from the Central Bureau of Statistics, Israel.

Experts attribute the decline in sales with more stringent rules of mortgage lending. Although these regulations officially come into force only in July, some banks began to use them a month earlier.

The volume of supply in the market declined in June to 3,6% compared to May, up 9.3 thousand flats.

Category: Real Estate News | Added by: Дмитрий (03.08.2010) W
Views: 259 | Rating: 0.0/0

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