A real estate initiative focusing on low- and middle-income citizens was launched by the Central Bank of Egypt (CBE) earlier this year; it came shortly after the presidential initiative to enable individuals to afford their own residential properties by extending the loans up to 30 years at an interest rate as low as 3%.
According to analysts, this initiative is considered the longest-term with the lowest interest rate that was ever launched in the financing sector of real estate in Egypt by the CBE; it’s also expected to lift a burden off buyers’ chest.
It’s also noticed that the government and the real sector are working side by side to enhance the institutional real estate in Egypt both locally and globally. There’s also been very successful initiatives to promote real estate export, that’s why experts and analysts agree that it’s about time to focus on institutional investors, where focus should be one targeting value-added funds that is willing to invest in emerging economies, or maybe a joint initiative could be presented to allow the sourcing of equity to fund the initial phase.
With all the initiatives and emphasis put on increasing the affordability of residential and institutional units, now is the right timing to hop in and start investing in the market.