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Social Housing: 40,000 kits for newlyweds no real estate bubble in Egypt
The article focused on the efforts of the Social Housing Fund in Egypt to offer housing projects at subsidized prices, including the lease-to-own system, which is considered an initial experiment to evaluate demand and applicant characteristics. So far, approximately 40,000 application forms have been sold for projects that include 15,000 units for young newlyweds, with registration ongoing until the end of the month. Beneficiaries pay only a quarter of their income as rent, subsidized by the government. The Fund has executed over one million units, with more than 750,000 citizens having already received their homes. There is an emphasis on expanding programs by involving the private sector and creating diverse housing options. It is also confirmed that the real estate market in Egypt is stable and free of any bubble crisis, experiencing only a slight slowdown.
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