Overseas property investors have
The current Egyptian mortgage laws are hampering lending to buy real estate in
Investment Minister Mahmoud Mohieldin
"We have a complete law ready to push forward the current mortgage regulations, to have better enforcement and enhance the efficiency of the sector," he said, adding there wasn\'t enough time in the current session to discuss it.
Despite the difficulties in obtaining a mortgage in
The new laws would allow agencies to evict those who default on their loans in six to seven months, as opposed to as much as seven years under the current lax system, Abdel Hamid said.
Meanwhile Egyptian real estate developer Amer Group seeks to attract international real estate buyers and remains positive about Egyptian real estate.
“Many Europeans are interested in second homes in
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I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.