Mortgage Finance
Real Estate sector is one of the most important indicators of progress of the countries, due to its supporting role of the economy and pushing the wheel of production
Real Estate sector is one of the most important indicators of progress of the countries, due to its supporting role of the economy and pushing the wheel of production, that reflects positively on the national output through the operation of many different industries and sectors, the most important of which is the construction sector, and other complementary activities. This is in addition to its positive impact on the social side through the creation of job opportunities in various projects and industries, as well as supplying adequate housing units according to the needs of citizens taking into account the social dimensions.
As the main role of the banking system in activating real estate Market, the Central Bank of Egypt has considered stimulating banks to expand in real estate field, especially for low-and middle-income people. This is done through launching of initiatives that are leading to a structural reform of real estate finance at low interest rates to ensure supplying of appropriate provision and establishing the basic pillars to provide the required finance to various groups of Egyptian people to purchase real estate, and relieve the housing pressure on the crowded cities , believing in the social responsibilities considerations , in addition to economic role in establishing the rules of monetary policy .
Real estate finance programs are based on the strategy of the Housing and Development Bank (HDB) to participate in the real estate lending activities that cover the needs of individual customers to possess homes, and enhance their purchasing power as that needs large capital compared to most other lending programs. Hence, the state paid attention to the real estate finance activities, that was reflected in the contractual formulas through which real estate is financed, among these contractual formulas is the real estate financing contract, in which the bank lends the buyers the value of the property they want from the sellers in exchange for paying off the loan value and the cost of finance in forms of periodic installments by guaranteeing the mortgage of the property
The Housing and Development bank (HDB) supports various real estate programs for purchasing homes in housing projects throughout Egypt, according to the conditions and determinants of the Central Bank of Egypt's real estate financing initiatives for low-and middle-income people, and Conventional real estate finance programs for other sectors
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As the main role of the banking system in activating real estate Market, the Central Bank of Egypt has considered stimulating banks to expand in real estate field, especially for low-and middle-income people. This is done through launching of initiatives that are leading to a structural reform of real estate finance at low interest rates to ensure supplying of appropriate provision and establishing the basic pillars to provide the required finance to various groups of Egyptian people to purchase real estate, and relieve the housing pressure on the crowded cities , believing in the social responsibilities considerations , in addition to economic role in establishing the rules of monetary policy .
Real estate finance programs are based on the strategy of the Housing and Development Bank (HDB) to participate in the real estate lending activities that cover the needs of individual customers to possess homes, and enhance their purchasing power as that needs large capital compared to most other lending programs. Hence, the state paid attention to the real estate finance activities, that was reflected in the contractual formulas through which real estate is financed, among these contractual formulas is the real estate financing contract, in which the bank lends the buyers the value of the property they want from the sellers in exchange for paying off the loan value and the cost of finance in forms of periodic installments by guaranteeing the mortgage of the property
The Housing and Development bank (HDB) supports various real estate programs for purchasing homes in housing projects throughout Egypt, according to the conditions and determinants of the Central Bank of Egypt's real estate financing initiatives for low-and middle-income people, and Conventional real estate finance programs for other sectors
Read more
