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بوابة أخبار اليوم
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Details of 11,800-unit rental offer
The Egyptian government, represented by the Social Housing Fund and the Support for Real Estate Financing, is offering a new initiative to provide 11,800 rental housing units in new cities and provinces. The goal is to meet the needs of low-income groups who are currently unable to own property. The program includes ready units available for rent, with the possibility of converting tenants to ownership after verifying continued payment and an improvement in their financial situation, for up to three years, renewable. The rent ranges between 1,500 and 2,000 Egyptian pounds per month, depending on income and location. The target audience is young newlyweds under the age of 35. An announcement is expected to be made in early September via the Digital Egypt platform.
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