Wed/Oct 01/2025 – 04:54 PM
Engineer Tariq Shoukry, President of the Chamber of Real Estate Development Industry in the Federation of Egyptian Industries, confirmed that a meeting was held with Dr. Mustafa Madbouly, Prime Minister, who promised to solve the problem of high interest in real estate financing.
The benefit of real estate financing
He pointed out during the press conference now held by the Chamber, that the Prime Minister promised to hold a meeting with Hassan Abdullah, Governor of the Central Bank, to consider the benefit on real estate financing, and to facilitate the procedures for citizens to obtain it.
He explained that the state has a portion of the benefit of real estate financing, in which case it will not achieve any losses, and vice versa, it will profit from taxes, as a result of the high demand for units and the operation of factories with billions of pounds.
He explained that the Chamber applied to the government to provide real estate financing, housing units at a reduced interest, pointing out that the interest can be 8% for units with an area of 100 square meters and 10% for units with an area of 100 to 120 square meters, and 12% interest on the units is greater than 120 square meters.
