Latest in Tag: mortgage Highlight
Latest in Tag: mortgage
Egypt opens reservations for fully finished housing units under new mortgage initiative
Move comes as part of ‘Housing for All Egyptians’ initiative for mortgage finance with 3% interest rate
Central Bank of Egypt initiates EGP 100bn mortgage finance initiative for low, middle incomers
Initiative offers unprecedented facilities, 3% diminishing interest, and longest repayment period up to 30 years
New Cairo Developers, mortgage companies cooperate to ease financing conditions
Al-Wazir added that the local real estate sector needs such initiatives to help customers overcome financing problems.
Bedaya launches Egypt’s first non-bank mortgage finance app
Application will provide fastest, easiest access to competitive mortgage financing solutions through seamless financing process
CBE to announce details of new presidential mortgage finance initiative soon
Proposed mortgage finance initiative to boost real estate sales
Egypt’s Al-Sisi orders launching new mortgage finance programme with 3% interest
New programme is directed at low- and middle-income Egyptians to support their ability to own housing units
Mortgage Finance Fund approves EGP 42bn budget for FY 2021/22
Fund’s board approves guideline for complaints and suggestions which will be published on its website
FRA amends financial solvency standards to mortgage finance companies
The amendment covers the issuance of a regulatory procedure to adjust mortgage finance activity.
Egypt mortgage finance drops 84.2% in April
Mortgage Finance Fund did not provide any funds during April, says FRA
Mortgage finance companies likely to provide EGP 3.5bn loans in 2021
Mortgage finance is safe haven for real estate investments in current period, says Abdel Hamid
FEI, Banque Misr cooperate to revitalise CBE mortgage finance initiative
Real Estate Development Chamber’s cooperation with Banque Misr will overcome global health crisis, says chamber chairperson
City Edge, Al Oula partner to offer mortgage financing plans
Partnership offers three payment systems for City Edge clients, with maximum 80% limit of housing unit value, says Hussein
Mortgage finance companies provide funds of EGP 423m in two months
Investors with incomes of up to EGP 2,500 acquired EGP 18m in 171 mortgage contracts during the first two months of 2020. This compared to EGP 90.6m in 861 mortgage contracts in the first two months of 2019.
Mortgage finance increases 46.6% yoy in January: FRA
The FRA said that the value of mortgage refinancing decreased to EGP 14m in January 2020, compared to EGP 101m in the same period last year. This marks an 86% decline.
Developers demand continuous, unlimited financing mechanism of mortgage loans
Egypt’s Ministry of Housing demanded the provision of logical payment periods for residential units instead of long payment periods.
20 banks finance 254,200 beneficiaries by EGP 24.6bn in CBE’s mortgage finance initiative
8 companies inject EGP 1.5bn, Taamir Mortgage tops with EGP 551.6m with 4,800 clients
EMF Launches Accredited Mortgage Programme in November
Established in 2015, under the supervision of the Egyptian Financial Regulatory Authority (FRA), the EMF currently has 28 members involved in developing the mortgage finance industry in Egypt
Mashreq Bank – Egypt launches mortgage finance initiative to support low-income groups
Bank continue to participate in CBE initiatives, says El Bahey
TMG, GB Capital, EFG Hermes launch mortgage finance company
New partnership will offer long-term, competitive mortgages, increasing affordability to better serve Egypt’s growing population of homebuyers
CBE sets new controls for mortgage finance initiative for low-income individuals
Mortgage finance will be provided for clients who meet CBE’s conditions
Housing Ministry studying alternative to expand mortgage finance system: Deputy Housing Minister
CBE’s mortgage finance initiative was not effective for most real estate companies, say developers
CBE limits mortgage initiative to low-income after earmarked EGP 20bn runs out
NBE, HDB, Banque Misr, Banque du Caire, IDB top list of banks participating in CBE initiative with total funding of EGP 15.7bn to 165,800 clients
United Bank’s mortgage portfolio scored EGP 235m: Chairperson
Bank funded housing units purchase for 1,850 clients, says El-Kady
Property developers calls for state mechanism to provide mortgage finance with interest rate commensurate with citizens’ income
Contractors call for fund with 2% interest rate; critical of state’s entry into luxury housing market
Mortgage finance fund, best answer to overcome deceleration in real estate market: developers
Next year will witness major changes in real estate market, focused primarily on categorising serious, committed developers, capable of managing variables imposed upon them during next stage
Mortgage companies provide EGP 1.4bn in 11 months
Mortgage financing granted by mortgage companies from the beginning of the year to the end of November 2017 amounted to EGP 1.4bn, compared to EGP 1bn a year prior, according to the report issued by the Financial Regulatory Authority (FRA) in November. The FRA report said that the increase in the volume of funding amounted …
CBE increases funds allocated for mortgage initiative to EGP 20bn
The families of army and police martyrs and the injured are exempted from applying maximum income
Mortgage companies participating in CBE initiative to finance low- to middle-income housing
Mortgage finance companies operating in the domestic market started to prepare their participation in an initiative launched by the Central Bank of Egypt (CBE) in 2014 to finance low- to middle-income housing. According to Ahmed Haggag, chairperson and managing director of Sakan Finance, said that the company completed the preparations for a new programme to …
New mortgage finance law would double size of Egypt’s real estate market in less than a year: developer
Head of parliament’s Housing Committee calls on minister of investment to sign protocol with banks to facilitate mortgage finance for companies
14 banks inject EGP 4.1bn to finance low- and middle-income housing until end of October: Head of Mortgage Finance Fund
Financial leasing activity amounts to EGP 15bn during the first nine months of 2016, says EFSA Head