Kablanim screw the young couples.

All he is doing is indebting young people to be servants to banks.

If he really wanted to help. He would ask for lands to be released to private home buyers. Not builders.

Mr Kahalon. U lied. Please get out of our Knesset.

There is no reason for property anywhere to cost millions, it is pure greed and makes homes unattainable for the average person .

Is it true, that Israeli banks charge up to 6% mortgage costs?

I believe, the banks receive money for about -1 up to +1%.

In the USA, there are 3 percent down mortgages, for borrowers with good credit. These mortgages are guaranteed by a government agency (FHA).

Government sponsored housing for its citizens. What ever happened to Ami Gur? Without subsidized housing construction, their is no hope for young people to live in decent housing. Even with a 90% mortgage, the prices are beyond the average Israeli Citizen!

Residentia lending is part of the problem: people with bigger mortgages outbid financially sound people. In the end, banks are the only beneficiaries as a larger portion of people's income goes down the drain as interest payments.

Your not considering exchange rates, the millions areshekel rates.
Two million shekel is $557 thousand which although no small sum is not actually to badd for Israel’s version of New York or London where the idea of affordable property died decades ago.
Tel Aviv is the 9th most expensive city to live in in the world so how can anybody expect affordable, the city is running out of space so they are resorting to desperate non sustainable solutions like taking over army owned land this might will help in the short term but it will not solve the problem of growing population wanting to live in 1 city and limited supply of land. There is also limits to what government can do because the free market sets prices so unless you wang government to be in charge of all housing there is no viable long term solution.

Where do you get an apartment for 1.3 million?

I've never worked out how any single young person can buy somewhere to live these days. 40 years ago, when I was a buyer it was perfectly feasible.

Loans made by BOI at basic interest rates not private by private profiteering at "private" rates where money is made speculating on public money