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بوابة الشروق
Housing issue linked to costs, not availability
The article discussed the efforts of the Egyptian government to improve the housing sector in line with the constitution, which guarantees citizens' right to adequate housing. A member of the Board of Directors of the Real Estate Development Chamber pointed out that the state has completed around two million housing units in recent years, but this number is not sufficient to meet the growing demand due to population growth. The government is also focusing on providing subsidized rental units with the possibility of ownership, especially for youth and newly married couples, aiming to reduce their financial burdens. Additionally, it was emphasized that the housing crisis primarily lies in citizens' ability to afford costs, and that the private sector can participate by providing affordable units, provided that land is made available at low prices to ensure reasonable prices for buyers. The speaker explained that implementing these policies could bring about a qualitative leap in the housing sector and address a significant part of the crisis, with an emphasis on expanding the production of small-sized units for low- and middle-income earners.
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