Housing Finance in Egypt


This profile is also available in French here.

To download a pdf version of the full 2019 Egypt country profile, click here.

The housing sector is one of the main sectors the government is focusing on. The Central Bank of Egypt (CBE) has launched an initiative to support the low income citizens with housing finance.  Furthermore, it is working on a plan to eliminate the unsafe slums in Egypt. The real estate sector in Egypt is strongly supporting the economy and it is resistant to the political and economic tensions of previous years. By the end of 2017/18, it grew by six percent, representing 16.3 percent of the country’s GDP.

On February 2019, the CBE put in place new policies and measures on the bank’s mortgage finance initiative and include also offering finance via the bank’s resources at interest rates of five to seven percent, which will not be changed during the entire loan’s term.

Despite these encouraging aspects, houses prices are rising because of the economic conditions and economic reforms. As a result of the devaluation of the Egyptian pound, and import restrictions, construction costs have increased, driving up the price of finished units. Building materials such as steel and cement have been particularly susceptible to volatile market forces, as shortages in domestic supply have forced builders to turn to imports.

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 2019 edition, which has up-to-date profiles for 55 African countries.

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