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Bank of Israel Restricts Mortgages Severely, Looking to Avert Future Real Estate Crises

The new directive stops banks from giving mortgages with an LTV of more than 70%, with an exception for first-time buyers, who are allowed mortgages of up to 75% of the value of the apartment. Mortgage customers who buy an apartment for investment will be limited to 50% LTV.

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Printed from: http://www.jewishpress.com/news/breaking-news/bank-of-israel-restricts-mortgages-severely-looking-to-avert-future-real-estate-crises/2012/10/30/

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