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Housing Authority to provide 5000 lease-to-own units
The Egyptian Ministry of Housing announced the launch of approximately 5,000 housing units for rent-to-own in 25 new cities during the month. The goal is to provide flexible housing options that suit the capabilities and needs of various social strata. The units are ready for handover, and allocations will be made through a public lottery to ensure transparency. Additionally, 5% of the units will be reserved for persons with disabilities. The rent-to-own period lasts for 20 years, and applicants must be between 21 and 45 years old, have not previously owned a housing unit from the state, and meet a maximum income limit. A security deposit equal to three months’ rent is required, which is updated annually based on the increase in rental value.
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