General Assessment

    Variable(2015)
    Data
    Main constraints in the development of the housing finance sector  
    New developments that will have a major impact on the sector 
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    Notes: "New Format Buyer's Price" Program: Government will grant a discount on price of land and lower the price of dwellings built on it. First home buyers must participate and win the Buyer's Price Lottery to be eligible for the government subsidy.
    Notes: Inflationary appreciation is not taxed.
    Notes: Inflationary appreciation is not taxed.
    Notes: LTV's for all housing loans are capped at 70%, except for first time home buyers for whom this cap is at 75%
    Notes: LTV's for all housing loans are capped at 70%, except for first time home buyers for whom this cap is at 75%
    Notes: Target Price Program: Government offers builders state-owned land at discount, but the discount must be passed along to buyers (i.e. selling price should be 20% less than market value).
    Notes: The Government grants housing assistance to individuals who fall under its "without housing" criteria. Eligibile individuals will have mortgage interest rates of 0.5% less than the average interest rates of mortgage banks publicized by the Bank of Israel. Eligibile individuals may choose repayment period for mortgage between 10 and 30 years.