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بوابة الفجر
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Housing Authorities' Rent Installment Reaches 12,000 Pounds
The article discusses the details of offering housing units through a rent-to-own system by the New Urban Communities Authority and the Social Housing Fund. A total of approximately 25,000 units are available. The offer includes units from the Social Housing Fund with rental periods ranging from 3 to 6 years, after which ownership is possible. Rental prices start from around 1,500 to 5,200 Egyptian pounds per month, with an annual increase of up to 12%. As for the units from the New Urban Communities Authority, they are rented for 20 years, with rents ranging between 3,500 and 12,000 Egyptian pounds. Payments made during the rental period are credited towards the unit’s purchase price, with beneficiaries required to pay a portion of the unit’s cost gradually over 20 years.
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