Households utilizing government mortgages by locality, 2000-2002.
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, 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 and the Golan Heights 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|
|Article Type:||Brief article|
|Date:||May 1, 2004|