Mai Abdel Hamid, CEO of the Social Housing and Mortgage Finance Fund, announced that the mortgage system for low-income citizens will now feature an annual interest rate of 8%, while middle-income citizens will benefit from a 12% interest rate. Down payments will start at 20%, with repayment plans extending up to 20 years.

Abdel Hamid explained that under the “Housing for All Egyptians” initiative, low-income applicants must have a maximum monthly net income of 15,000 EGP (180,000 EGP annually) for families and 12,000 EGP (144,000 EGP annually) for individuals. For middle-income applicants, the minimum monthly net income is 12,000 EGP.

For middle-income applicants, the maximum monthly net income is 25,000 EGP (300,000 EGP annually) for families, and 20,000 EGP (240,000 EGP annually) for individuals.

The new housing announcement includes a total of 78,730 units, divided into:

• 40,607 units under construction (90 sqm),
• 1,175 under-construction units (75 sqm),
• 11,920 ready-to-deliver units (90 sqm),
• 1,070 ready-to-deliver units (75 sqm).

On a provincial level, the offering includes 608 ready-to-deliver units (75 sqm) and 23,350 ready-to-deliver units (90 sqm). These units are distributed across various new cities and governorates.