Bank of Israel reports 19% rise in mortgage demand amid housing market slowdown

Bank of Israel reveals new data on Israel’s mortgage market | The Jerusalem Post

Israeli mortgages surged 19% YoY to NIS 9.7B in May while apartment sales fell to 20-year lows, driven by financed deals from one year prior rather than new activity. Contractor cash flow stress and market stagnation create a buyer's market; negotiating power shifts to purchasers.