By: Abdallah Beder
Cairo – Mubasher: Mortgage finance in the Egyptian market currently stands at EGP 12 billion, chairman and managing director of El-Taamir Mortgage Finance Co (Al-Oula) said.
It is expected for real estate funding to become the largest contributor in urban development in Egypt, Hassan Hussein on Sunday during Egypt Real Estate Think Tank forum.
He added that financial leasing transactions in the local market have a value of EGP 20 billion of which 30% is allocated for real estate development.
Hussein noted that financial leasing in Egypt is growing faster than mortgage finance.
