23 Hrs
Source:
المصري اليوم
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Lease-to-own apartment application terms
A statement from the Ministry of Housing announced the launch of 15,000 housing units available for rent-to-own during the month across 17 governorates and new cities, aiming to meet citizens' demands and provide units that align with their financial income. The unit sizes vary between 75 square meters in Minya Governorate and 90 square meters in other governorates, including cities such as New October, New Obour, and New Aswan. The application requirements include that applicants be under 35 years old, residents or workers in the governorate where they are applying, and not own a previous housing unit or land plot. Additionally, the monthly rent should not exceed 25% of their income. The contract duration is three years, with the possibility of renewal and conversion to ownership after at least one year of the contract.
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