Mortgages in Egypt

In a country like Egypt, you will find that the mortgage market is not as developed as you would wish, despite the fact that the Egyptian Government is trying to implement a new law related to mortgages in order to encourage the growing interest in buying properties in the country. This will open up the market considerably and create a storm of development and real estate activity in the near future.

Mortgages in Egypt

Cairo, which is the capital of the country, is one of the cities with the highest density of population. This lack of loans for property is in contrast with the high demand of new property in Egypt and that is why this new law is about to change the situation. While mortgages are inexistent, some buyers are taking advantage of the low prices when buying property.

What some buyers do is find alternative financing in their own countries or arranging a re-mortgage or equity release system. You will be also able to find some off-plan developments with their own finance system that may be interesting for you. The charges applicable vary according to developer and repayments are usually indexed.

If you want to borrow against a property you own in your country, you can find a lot of independent financial advisors that will help you raise the necessary finance.

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