Regulatory Alerts2025-02-04
Added · Updated
Periodic Book of February 4, 2025 on Adjusting Return Prices for Financing within the Framework of the Real Estate Finance Initiative
The document amends the income brackets and return prices for real estate financing under the Real Estate Finance Initiative, effective immediately. It establishes a minimum down payment of 20% and sets return rates at 7.5% for low-income individuals earning up to 12,000 EGP or families up to 13,000 EGP, 8% for individuals up to 15,000 EGP or families up to 20,000 EGP, and 12% for medium-income individuals earning up to 25,000 EGP or families up to 25,000 EGP. Banks are required to apply these rates to eligible customers through the Social Housing and Real Estate Finance Support Fund's electronic system.
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