This comes in implementation of the directives of President Abdel Fattah El-Sisi, President of the Republic, to provide the opportunity for citizens of low and middle incomes to obtain adequate housing at subsidized prices and over long-term periods of time.
The amount of mortgage finance granted by mortgage finance companies until the end of November 2017 reached LE 1.4 billion
Total funds provided by mortgage finance companies rose to LE 1.1 billion during the first ten months of 2017.
Omran called on firms to expand their work to include pre-delivered residential units.
Mortgage finance assets offered by companies amounted to LE 3.5 billion in H1 2017, 27 percent more than the same period in H1 2016.
Financial leasing contracts’ value rose 7% to reach LE 11.8 billion in the first six months of 2017 from LE 11 billion in the same period last year.