Mr. Nader Khozam, Chairman and CEO of IL Cazar Developments, participated in a high-level meeting held by Prime Minister Dr. Mostafa Madbouly with the Higher Advisory Committee for Urban Development and Real Estate Export, attended by a select group of Egypt’s leading real estate figures, Invest-Gate reports.

During his remarks, Khozam emphasized the importance of implementing a comprehensive, state-supported mortgage financing system that extends over longer periods with suitable interest rates. He also called for the unification of payment plans among developers to stabilize the market and enhance customers’ purchasing power. Such measures, he explained, would ease the financial burden on buyers while ensuring that developers adhere to their delivery schedules.

Khozam noted that the increase in property prices in 2025 was a natural result of rising raw material costs, even as interest rates declined. He stressed that this price growth reflects strong demand and market stability, dismissing any indications of a real estate bubble. He added that further price increases are expected in the coming period due to the gradual reduction of subsidies, underscoring the need for bank-supported mortgage programs. This approach would ensure that developers are not solely responsible for financing, while enabling a broader segment of customers to access suitable housing.

He further highlighted that state support for financing mechanisms and land allocation facilities represents a key step toward stimulating the real estate market and achieving a balanced relationship between the state, developers, and buyers. He affirmed that practical solutions lie in accelerating capital circulation and maintaining high construction quality.

IL Cazar Developments continues to strengthen its position as a leading developer of innovative residential and tourism projects, aligning with the state’s objectives for comprehensive and sustainable development.