MP Housing explores real estate regulation

The article discusses the efforts of the Housing Committee in the Egyptian Parliament to regulate the real estate development market, in line with President Abdel Fattah El-Sisi's directives to ensure citizens' rights and improve the real estate investment environment. The plans include drafting a law aimed at establishing clear standards for classifying developers based on their technical and financial soundness, regulating the relationship between the state, developers, and clients, controlling land allocation mechanisms, and protecting the rights of stakeholders. It also focuses on facilitating financing and restricting repayment periods between clients and development companies to 3-4 years, aiming to strike a balance between safeguarding citizens' rights and supporting serious companies. The new legislation seeks comprehensive regulation involving partnerships, settlement and dispute mechanisms, enhancing transparency, and restoring trust in the real estate market—especially as sales for the top 10 developers reached around 271 billion Egyptian pounds in the first quarter of 2026, despite a 15% decline in units sold.

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