Mortgage finance increases by 98% y-o-y in 4M17, financial lease up by 21%

Mortgage financing in the first four months of the year increased by 98% y-o-y to EGP 722 mn, according to a report by EFSA. 87% of the mortgage contracts signed were for residential purposes. Financial leasing also grew by 21% y-o-y to EGP 8.5 bn, the report noted.