Mortgage market in Egypt had witnessed unprecedented growth in the last 6 month.
According to Egyptian Investment Minister, Property lending market in Egypt has grown from £e16 million (2 million euro) in 2005 up to £e 2.2 billion (275 million euro) in March 2008.
The fierce competition between the increasing numbers of lending banks and financial institutions together with huge national and international demands for buying property in Egypt had pushed the property market value in Egypt up by 23% in the first 6 month of this year.
There are now 16 banks and 8 financial institutions offerring mortgage to Non Egyptian Foreign nationals on properties in Egypt at a competitive rates.
Amlak Egypt had approved Aquarious Beach Apartments for mortgage for Non Egyptian Foreign Nationals>>Find More
