Housing Finance in Egypt

Overview

This profile is also available in French here. To download a PDF version of the full 2021 Egypt country profile, click here.

Approximately 22 million Egyptians out of 102 million live in slums. Of these, 850 000 people are living in unsafe settlements at risk of landslides and floods. Huge urban construction projects such as the New Administrative Capital and six new cities are being implemented to provide adequate housing, eradicate slums and achieve the country’s sustainable development strategy. The construction of the six new cities encompasses developing 61 urban areas, including regenerating 24 existing cities and constructing 37 new ones. As part of this, the government of Egypt has removed many unplanned neighbourhoods and relocated thousands of households into new government housing projects. Despite these efforts the demand for housing grows incrementally each year with an annual population increase of 2.5 million people, and 95% of properties remain unregistered.

The government has been working on a widespread economic reform programme since 2016 to achieve economic and fiscal stability. This programme has helped maintain the confidence of all international institutions and credit rating agencies in the Egyptian economy and its ability to face the challenges presented by the pandemic. The major ratings agencies have maintained a Stable Outlook for the Egyptian economy, with Fitch Ratings affirming Egypt’s rating at ‘B+’, and Standard and Poor with that of B / B in the long-term and short-term.

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 2021 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