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Economy Committee Chair on Mortgage Support
The article focused on the importance of activating mortgage financing in the Egyptian real estate market to support homebuyers and reduce their financial burdens. Engineer Tarek Shukri explained that enabling financing mechanisms allows buyers to obtain loans that are repaid over 20 years with the unit as collateral, increasing their ability to afford installments and promoting market stability. He also pointed out that organizing the relationship between the five parties in the market (the government, developers, buyers, contractors, and post-delivery services) is essential to keep up with growth and development, emphasizing the importance of effectively implementing current laws to enhance the market's efficiency.
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