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Government plans lease-to-own housing
The Egyptian government is working on developing a new housing program targeting middle- and low-income groups. This initiative includes expanding the provision of apartments through a rent-to-own scheme, with the aim of offering suitable housing for those currently not benefiting from existing housing programs. Additionally, their efforts are also focused on market regulation, pointing out that the rise in prices is due to global developments, especially the increase in energy and food prices over the past eight months, while maintaining a strategic reserve sufficient for at least six months. The state is taking measures to help gradually reduce commodity prices and monitor markets, in order to mitigate the effects of global inflation on citizens.
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