Latest in Tag: mortgage Highlight
Latest in Tag: mortgage
Move comes as part of ‘Housing for All Egyptians’ initiative for mortgage finance with 3% interest rate
Initiative offers unprecedented facilities, 3% diminishing interest, and longest repayment period up to 30 years
Al-Wazir added that the local real estate sector needs such initiatives to help customers overcome financing problems.
Application will provide fastest, easiest access to competitive mortgage financing solutions through seamless financing process
Proposed mortgage finance initiative to boost real estate sales
New programme is directed at low- and middle-income Egyptians to support their ability to own housing units
Fund’s board approves guideline for complaints and suggestions which will be published on its website
The amendment covers the issuance of a regulatory procedure to adjust mortgage finance activity.
Mortgage Finance Fund did not provide any funds during April, says FRA
Mortgage finance is safe haven for real estate investments in current period, says Abdel Hamid
Real Estate Development Chamber’s cooperation with Banque Misr will overcome global health crisis, says chamber chairperson
Partnership offers three payment systems for City Edge clients, with maximum 80% limit of housing unit value, says Hussein
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.
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.
Egypt’s Ministry of Housing demanded the provision of logical payment periods for residential units instead of long payment periods.
8 companies inject EGP 1.5bn, Taamir Mortgage tops with EGP 551.6m with 4,800 clients
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
Bank continue to participate in CBE initiatives, says El Bahey
New partnership will offer long-term, competitive mortgages, increasing affordability to better serve Egypt’s growing population of homebuyers
Mortgage finance will be provided for clients who meet CBE’s conditions
CBE’s mortgage finance initiative was not effective for most real estate companies, say developers
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
Bank funded housing units purchase for 1,850 clients, says El-Kady
Contractors call for fund with 2% interest rate; critical of state’s entry into luxury housing market
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 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 …
The families of army and police martyrs and the injured are exempted from applying maximum income
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 …
Head of parliament’s Housing Committee calls on minister of investment to sign protocol with banks to facilitate mortgage finance for companies
Financial leasing activity amounts to EGP 15bn during the first nine months of 2016, says EFSA Head