Egypt’s mortgage lending may increase to E£8bn (US$1.4bn) by the end of June next year, Mostafa El Hayawan, chairman of the state-run Mortgage Finance Fund, said. Mortgage finance in the Arab world’s most populous country has increased from about E£200m in 2005 to E£4.43bn this year, Investment Minister Mahmoud Mohieldin said at a housing conference in Cairo today.
Egypt’s mortgage lending may nearly double by 2011
Most Popular Articles
Latest Articles
Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.