A mini committee was formed including representatives of the CBE, banks operating in the Egyptian market, and real estate developers to discuss mechanism of the rules of facilitating mortgage finance.
The report pointed out the acquisition by investors according to monthly income segments (up to EGP 2,500) of 58% of the value of mortgage finance during Q1, while the share of those with monthly income (more than EGP 3,500) was about 22%.
CBE’s initiative has financed 230,000 clients, says MFF chairperson
The company signed a financing contract with Heliopolis For Housing & Development of EGP 500m
Companies with foreign capital were allowed to finance mortgage in July 2014
During the signing of the agreement with Head of the Mortgage Finance Fund, May Abdel Hamid, Hassan said NBK is keen to participate in the promotion of low and middle income real estate finance.
First general assembly will be held, board of directors elected Thursday
First general assembly will be held, board of directors elected Thursday
The effect of the CBE mortgage finance initiative to finance low-income housing projects will be felt in the second half of the year, says Cairo University professor
Bank chairman meets prime minister to discuss industrial, urban and economic development projects
The government amended the Real Estate Finance law to expand eligibility for mortgage subsidies and increase grants to low-income families
The agreement applies to mortgage companies that fund individuals who are willing to purchase or construct properties in new cities affiliated with the New Urban Communities Authority.
Laws aim at facilitating property registration and mortgage financing
