Mortgages In Egypt

The mortgage market is relatively under-developed in Egypt but due to newly implemented mortgage laws, foreigners can now obtain Egyptian pound mortgages for loans of up to 85% LTV. Lending can extend to 30 years up to the maximum age of 65 and maximum monthly installments are not to exceed 25% of your monthly income. However, currently the interest rate stands at around 14% p.a. so many buyers still prefer to seek alternative means of finance..... More

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