MFF Head: VAT, Dollar Value to Increase Real Estate Prices

• Wednesday, 12th October 2016
• by Fatma Khaled

The increasing value of the dollar and the new value-added tax (VAT) are expected to result in an increase in the prices of social housing units, according to Mai Abdel Hamid, Head of the Mortgage Finance Fund.

CBE Studies Modifying Mortgage Finance Initiative

• Wednesday, 31st August 2016
• by Heba Eid

The Central Bank of Egypt is studying amendments to the mortgage finance initiative introduced in 2014.

CBE Allocates EGP 500M to Mortgage Initiative

• Sunday, 14th August 2016
• by Heba Eid

The Central Bank of Egypt (CBE) allocated EGP 500 million to mortgage finance firms as the first of many tranches to be allocated.

CBE Pumps EGP 3.4B into Mortgage Finance Sector

• Thursday, 21st July 2016
• by Heba Eid

The Central Bank of Egypt has loaned EGP 3.4 billion, through banks, to customers to purchase property under its mortgage initiative.