How far will contractors go to sell? Ask Gindi

In depth

Gindi Holdings is launching a sales promotion for about 300 apartments across four projects in central Israel. According to Calcalist, the deal amounts to a deferral of payment of 900 thousand shekels, while according to Israel Hayom, it is an example the company is presenting. The company estimates the value of the financing benefit at between 600 and 700 thousand shekels according to Israel Hayom, and up to 700 thousand shekels according to Bizportal.

According to Globes, in a five-room apartment offered at 4.2 million shekels, the down payment stands at 840 thousand shekels. According to N12, the advertised prices do not include the full loan amount the buyer will have to repay at the end of the period. According to Ice, the promotion stems from the difficult period contractors are going through, and includes an exemption from the input index.