By Sharon Shpurer : U.S. subprime mortgage crisis hits Discount and Leumi too
Talkback
Title:And Israeli Mortgages?
Name:Michael
City: HaifaState: Israel
I would like to see an article (or discussion) about the future of the Israeli mortgage market. With inflation picking up and global lending becoming more expensive, surely there must be some prediction on how this is going to affect Israeli mortgages? What is the ratio of those who have variable rate mortgages? What is their ability to absorb higher interests? With interests picking up will there be less buyers, and thus tumbling prices? Will we see similar developments like in the U.S, U.K. and Spain? Or if not, why is the mortgage market here immune to higher interests?