The BOI offers temporary relief to borrowers, allowing them to increase their mortgage for debt relief or Merkhav Mugan (protected space) construction in old apartments.
The future projected difficult economic situation is due to slowdown, an increase in interest rates, and difficulties in repaying mortgages.
Those who buy property or other financial assets like stocks and bonds keep and grow their money over time.
On June 11, it was announced that a two-decade low was recorded in the number of real estate transactions throughout Israel.
Apartment buyers, borrowers, mortgage consulting companies and banks are learning the new reality to properly deal with a different and challenging market situation.
The central bank noted that an average return on equity of 16.4% was the highest since 2006, with some banks reaching 20%.
Finance Minister Bezalel Smotrich can keep claiming that the reform strengthens the economy, but it's very difficult to dispute current financial figures.
For young couples, the goal of buying an apartment is getting further and further away, and some are considering investing in real estate abroad.
The early-stage company is laying the foundation to broaden its reach throughout the US in the coming year.
Gafni and Smotrich said they would meet with the banking regulator, which is part of the central bank, to come up with a solution for mortgage holders.
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