Egypt’s Social Housing Program Costs EGP 243 bn: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of EGP 243 bn is required to implement Egypt's Social Housing Program, which involves the establishment of 1 mn units.

Egyptian Mortgage Federation Launches New Program

Nagui Fahmy, chairman of the Egyptian Mortgage Federation (EMF) launched the Accredited Mortgage Program (AMP), set to take place on November 2, demonstrated the efforts exerted towards improving the mortgage fina ...

ERC Proposes 8-12% Middle-Income Mortgages Interest Rates

The Egyptian Real Estate Council (ERC) has proposed renewing interest rates applied on mortgage financing for would-be middle-income homebuyers to range from 8 to 12%

TMG to Set Up Mortgage Finance JV With GB Capital, EFG Hermes

Talaat Moustafa Group (TMG) Holding has agreed to establish a mortgage finance joint venture (JV) with GB Capital, financing subsidiary of GB Auto, and EFG Hermes, in a bid to serve Egypt’s growing population of h ...

Amlak Finance Expects Egypt’s Mortgages to Surpass EGP 3 bn in 2019

Mohamed Salama, marketing and product manager at Amlak Finance Egypt, expects the value of mortgage financing to surpass EGP 3 bn in 2019.

Gov’t Provided EGP 14 bn Mortgage Finance Till June-End 2018: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said EGP 14 bn worth of mortgage finance support has been provided till the end of June 2018, while the value of financial support to beneficia ...

Akhbar Al Youm Holds Fifth Economic Conference

Akhbar Al Youm held its fifth economic conference on December 22-23, under the auspices of President Abdel-Fattah El-Sisi.

Real Estate Tax Law to be Issued Within 1 M: Official

Head of Parliament's Housing Committee Alaa Waly officially stated to Invest-Gate that Egypt's real estate tax law has been approved and will be issued within a month.

Mortgage Financiers Provide EGP 2.5 M for Citizens Earning Under EGP 2,500

Mortgage finance companies have provided only EGP 2.5 million to citizens with incomes lower than EGP 2,500 during the first eight months of 2016, according to the Egyptian Financial Supervisory Authority.

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