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FINANCIAL NEWS
Egypt’s mortgage sector jumps by 600 percent
02 Mar 2016
(MENAFN) Egypt’s mortgage sector leapt by 600 percent during Jan 2016, and the mortgage firms have granted funds worth USD 11.8mn, against USD 1.52mn.
The mortgage firms’ recent funds balance recorded 2.7bn by the end Jan 2016, whereas the volume of Egyptian Mortgage Refinance firms’ logged USD 0.76mn.
Furthermore, the mortgage clients whose monthly income is more than 3000 seized 95 percent of the whole number of the potential receivers.
In addition, the housing units between 66 square meters and 86 have got 4 percent of the contacts, while 66 Sqm units and less secured 9 percent.
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