المصري اليوم
المصري اليوم
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The Ministry of Housing is preparing to launch the first project under the Rent-to-Own system in 25 new cities. The project includes approximately 5,000 residential units with various sizes and fully finished interiors. The announcement and reservation procedures are scheduled to begin next month. Applicants must be between 21 and 45 years old, possess full legal capacity, and must not have previously owned a similar residential unit or land—whether directly or through transfer—regardless of whether the property is subsidized or not by the state. Conditions also specify a maximum monthly income aligned with the rental value to ensure targeted outreach, and a security deposit equivalent to three months' rent must be paid after receiving the allocation, to be completed within 30 days of notification. The detailed terms of reference will clarify all specifics regarding the cities, the number of units, sizes, rental prices, and allocation methods. The initiative aims to provide fully finished housing units through an integrated system that standardizes procedures, ensuring transparency and fairness in the allocation process.
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