In which group are you?

Bank of Israel divided the real estate buyers into three main groups:

One. First apartment loan - if a loan for the purchase of your first apartment. In this case the maximum financing rate will be 75%.

Two. Improved housing units - now the banks are not allowed to give mortgages over 70% for this group.

Three. Investors - in the case of buying a home for investment the financing rate will be 50%. The directive includes the purchase of foreign residents.

Bank of Israel hopes that the measures will not hurt too much the ability of young couples to buy their first apartment.

The directive enter into force on 01.11.2012.