Housing in Cairo and regions: 1500 EGP rent, ownership after a year

The Egyptian Ministry of Housing has introduced a new system to facilitate access to housing units through subsidized rent, aimed at supporting newly married couples and reducing their initial financial burdens. The initiative involves offering approximately 15,000 housing units in Cairo and some governorates, with rental prices ranging between 1,500 and 5,000 Egyptian pounds per month, accompanied by a support of nearly 100,000 pounds over the entire rental period. Beneficiaries can apply to own the unit after at least one year from the start of the lease, and if their financial situation improves, the system allows converting the lease into ownership through a supported mortgage system. The lease contract lasts three years, with annual increases of 7%, and specific conditions must be met, such as not owning a previous residence according to the program's rules. This system aims to support low-income families, ensuring they do not pay more than 25% of their income as rent, with cash support of up to 100,000 pounds provided during the rental period.

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