12:50
Friday 16th September 2022
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Books – Masrawy:
The CEO of the Social Housing and Real Estate Funding Support Fund added that citizens can purchase the terms of reference, pay the severity of the booking and administrative expenses, through
Mechanized post offices are starting to publish offers for fully finished housing units as part of President Abdel Fattah El-Sisi’s “Housing for All Egyptians 3” initiative for low- and middle-income citizens.
The bidding process starts from Sunday 25 September 2022, until Saturday 1 October 2022, for citizens with special needs only, and from Sunday 2 October 2022, until Thursday 27 October 2022, for all citizens, including people with needs special.
This is part of President Abdel Fattah El-Sisi’s initiative “Housing for All Egyptians 3” for low and middle income citizens.
Mai Abdel Hamid, CEO of the Social Housing and Real Estate Finance Support Fund, said the new offering includes units ready for immediate delivery in the following governorates (Luxor, Qalyubia, New Burj Al Arab, Fayoum, New Fayoum, Beheira, Kafr El -Sheikh, Marsa Matrouh, Assiut, Menoufia, Ismailia, Sohag, New Akhmim, Sharkia, Suez, Beni Suef, Gharbia, Damietta, Aswan, Dakahlia, North Sinai, Qena, Minya, New Minya), in addition to the housing units delivered to the internal 18 months in the city (New October “west of the airport”). “Jerza Al-Qatouri – Al-Ayat”, Damanhour.
He pointed out that the selling prices of the units presented within the new announcement range between 194 and 310 thousand pounds, while the value of the serious booking provider varies between 15 and 22 thousand pounds.
It indicated that citizens must make a down payment starting at 10% for low-income units and starting from 15% for middle-income units, for a period of up to 30 years, at a decreasing annual interest rate of 3% , according to the detailed terms of the initiative issued by the Central Bank of Egypt on 13 July 2021.,
The CEO of the Finance Support Fund for Social Housing and Real Estate added that citizens can purchase the terms of reference, pay the severe booking advance and administrative fees, through automated post offices in cities and towns. in governorates where housing units are offered, from Sunday, September 25, 2022, until Saturday, October 1, 2022. Only for citizens with special needs, and from Sunday, October 2, 2022, until Thursday, October 27, 2022, for all citizens, including people with special needs.
The managing director of the Social Housing and Real Estate Finance Support Fund indicated that the upper limit for the low-income category has become £ 6,000 per month for a single individual and £ 8,000 per month for the family, while the maximum for the mid-range income bracket became £ 13,000 a month for the single and £ 18,000 a month for the family, and the price was increased by selling the unit for £ 1.7 million instead of £ 1.4 million for the fully finished units with an area of up to 150 square meters, for the middle income bracket, and also comes after the approval of the council to increase the maximum category eligible for cash support from the low income one, to vary from a £ 5,000 minimum, this is for an income category of £ 4,500 net per month and up to £ 60,000 for income groups of less than £ 3000 net per month, provided it is sufficient to provide return price support and indirect support for those with a monthly income above £ 4,500 per month, to enable that target group to obtain subsidized housing units For housing units whose selling price exceeds £ 340,000 / unit and up to £ 40,000, cash grant for housing units below £ 340,000.
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