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Egypt’s real estate sector is one of the most important sectors affecting the economy. The laws governing the real estate market are of paramount importance because they constitute the legal framework regulating the market. The Mortgage Finance Law is one of the key laws set to regulate the real estate market. The mortgage finance sector provides medium and long-term finance for the acquisition of real estate, whether for economic purposes or for financing, repairing or maintaining houses.

Real estate sector is one of the key sectors due to its impact and link to many services and financial instruments such as mortgage finance, leasing, securitization, listing of real estate companies on the Stock Exchange, as well as Real Estate Investment Trusts (REITs). By the end of 2019, number of companies operating in Egypt’s mortgage finance market reached 15 companies (including one Mortgage Refinance Company).

Since the beginning of the activity, the accumulated volume of mortgage finance has reached EGP 13.3 billion pounds with a 24.3% growth, compared to EGP 10.7 billion pounds in 2018.

In 2019, the volume of mortgage finance amounted to approximately 2.6 billion pounds, up 18.2% compared to 2.2 billion pounds last year.