Housing Finance in Egypt

Overview

This profile is also available in French here. To download a PDF version of the full 2020 Egypt country profile, click here.

Egypt is one of the most diversified and powerful economies in the Middle East with a population of over 102 million people. Egypt’s population is growing at a rapid rate of two percent yearly (by about two million a year), which perpetuates the housing supply shortage. According to the Housing Ministry, Egypt needs 500 000 housing units constructed annually for five years to match the population growth and fill the housing gap.

The Government of Egypt is working hard to cover the estimated gap of 500 000 housing units by building new cities with more affordable prices across Egypt, such as New Capital City, Al Alamein City, New Fayoum City, New Aswan City and New Mansoura City. The World Banks’s ongoing Inclusive Housing Program will help Egypt to provide affordable housing to almost one million low and middle income Egyptians by 2024. Since 2015, 287 600 households across the country have already benefited.

In addition, the government is working hard to increase access to finance for low and middle income people through the World Banks’s Country Partnership Framework with Egypt, and different mortgage initiatives. In September 2020, there were 27 mortgage finance institutions made up of 19 banks and eight companies. The Prime Minister has indicated there were government discussions around new finance mechanisms for the construction of 250 000 social housing units.

The Ministry is also offering support to investors and real estate developers. The aim is to accelerate faster real estate projects development and to attract Arab and foreign investments in the sector through facilitating land allocation procedures solving problems that were faced in previous periods.

Find out more information on the housing finance sector of Egypt, including key stakeholders, important policies and housing affordability:


Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2020 edition, which has up-to-date profiles for 55 African countries.

Download yearbook
Neighbouring Countries Libya Sudan
View more
View more
View more
View more
View more