Features / The Real Deal: Financial

Everything You Need to Know About Property Mortgage in Egypt

Despite the housing boom in Egypt, and the myriad payment options that have recently become available to buyers, mortgages have nonetheless maintained a limited popularity, despite being widespread in other parallel markets internationally. Aiming to tackle this issue, and to moreover bridge the housing gap, the Central Bank of Egypt (CBE) launched its mortgage financing initiative in 2014, aiming to provide EGP 10 billion to banks to provide mortgage loans to homebuyers.

Why Invest in Income Property?

Despite the instability of the Egyptian market over the past few years, it has become common knowledge that one market has withstood the repeated economic shocks and has managed to flourish against the overarching downwards current.

Egypt’s Property Tax: How is it Calculated?

In a bid to reach a conclusion on how Egyptians perceive property taxes in Egypt, Invest Gate took to the streets of Cairo, asking one simple question “Do you know how to calculate property taxes?” Almost all answers received were negatory, indicating a gap in the information offered to regular homeowners.

The Ins and Outs of Financing a New Home

Buying a home is an exciting and nerve-wracking experience that requires a lot of research and planning. Will you buy a finished apartment? Two bedrooms or three? Garden, Nile, or city view? What about the neighbors and the surrounding community? Arguably the most important consideration is how you will finance your new home. Making the right choice may mean saving a lot of money on the long term. There are several home financing options available beyond using your own cash savings: individual financing through off-plan properties, bank lending, and mortgage financing. The right financing choice differs depending on individual needs of the homebuyer.

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