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Households utilizing government mortgages by locality, 2000-2002.

May, 2004

In a study examining the rate of government mortgage utilization by locality (measured by the number of mortgages received for home purchase in the locality divided by the number of households in the locality), the authors found that despite the lack of security stemming from the Palestinian intifada The Palestinian Intifada may refer to:
  • The First Intifada began in 1987. Violence declined in 1991 and came to an end with the signing of the Oslo accords (August 1993) and the creation of the Palestinian National Authority.
, mortgage utilization in Jewish localities in the occupied territories was higher than in Israel proper. While the average rate of mortgage utilization in Israel was 1.2%, the average rate of mortgage utilization in Jewish localities in the West Bank, the Gaza Strip Gaza Strip (gäz`ə), (2003 est. pop. 1,330,000) rectangular coastal area, c.140 sq mi (370 sq km), SW Asia, on the Mediterranean Sea adjoining Egypt and Israel, in what was formerly SW Palestine.  and the Golan Heights Golan Heights, strategic upland region (2003 est. pop. 10,500), c.500 sq mi (1,250 sq km), SW Syria. It borders S Lebanon, NE Israel, and NW Jordan. It takes its name from the ancient city of Golan and was known as Gaulanitis in New Testament times.  was 3.5%--thrice that in Israel proper.

This finding is a reflection of government policy: Jewish localities in the occupied territories are still considered high priority areas; thus potential residents are eligible for higher government mortgages than households purchasing homes in many other places.

Comparing the rate of government mortgage utilization in the occupied territories with that in other kinds of localities, the authors found that the rate of government mortgage utilization in the Jewish development towns, some of which have high-priority status, was 2%. The lowest rate of government mortgage utilization was in Arab localities in Israel: 1%.
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Author:Konor-Attias, Etti; Pisahov, Faina
Publication:Housing Report
Article Type:Brief article
Geographic Code:7ISRA
Date:May 1, 2004

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