June's total is more than 20% higher than May's total, which was itself a record, and is nearly twice as much as was borrowed in February 2020, on the eve of the pandemic.
Currently, purchases by foreign residents have dramatically declined, with the Chief Economist at Israel’s Ministry of Finance reporting a mere 50 apartments bought by foreign residents in April 2020
If you are currently facing a temporary period of financing uncertainty, a COVID-19 mortgage forbearance may be the best option to consider.
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