Daily Israel Report
16:13
Reported

News Brief

  9/20/2012, Tishrei 4, 5773

Mortgage Grants Jump in August


Mortgages granted by banks totalled 5.8 billion shekels in August, according to figures released, Thursday, by the Bank of Israel. The number is NIS 900 million higher than in July.

The bank explained that purchases go up during the summer months, especially this year, before an increase in the Value-Added Tax.