{"id":596302,"date":"2019-08-25T04:00:07","date_gmt":"2019-08-25T04:00:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-to-offer-10-interest-rate-on-mortgages-for-middle-income-homeowners\/"},"modified":"2019-08-25T04:00:07","modified_gmt":"2019-08-25T04:00:07","slug":"egypt-to-offer-10-interest-rate-on-mortgages-for-middle-income-homeowners","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-to-offer-10-interest-rate-on-mortgages-for-middle-income-homeowners\/","title":{"rendered":"Egypt to offer 10% interest rate on mortgages for middle-income homeowners"},"content":{"rendered":"

<\/a> Middle-income homebuyers to get 10% interest rate under subsidized mortgage initiative:<\/b> Members of a committee working on an initiative to subsidize mortgages for middle-income homebuyers have agreed to set preferential interest rates at 10%, a committee member said, according to Masrawy<\/a>. The committee is currently awaiting an approval on the rate from the CBE, which said in May<\/a> it would spend EGP 50 bn on the initiative. A similar program originally ran from 2014 until January this year and offered middle-income homeowners long-term loans at a 5-7% rate of interest. The program is meant to support the real estate sector to expand projects that \u201cwill have an economic impact in employment, GDP, and the economy,\u201d the CBE had said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Middle-income homebuyers to get 10% interest rate under subsidized mortgage initiative: Members of a committee working on an initiative to subsidize mortgages for middle-income homebuyers have agreed to set preferential interest rates at 10%, a committee member said, according to Masrawy. The committee is currently awaiting an approval on the rate from the CBE, which […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,9385,2380,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596302","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-middle-class","tag-speed-round","tag-subsidies","wpautop","entry"],"acf":{"mongo_id":"0ec06e95-5dc1-4b63-8f96-a22b44f61155","is_powered_by":true,"section_story_id":"1ca4423f-384d-475b-95d9-a56c0abf8124","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596294],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to offer 10% interest rate on mortgages for middle-income homeowners - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-to-offer-10-interest-rate-on-mortgages-for-middle-income-homeowners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to offer 10% interest rate on mortgages for middle-income homeowners\" \/>\n<meta property=\"og:description\" content=\"Middle-income homebuyers to get 10% interest rate under subsidized mortgage initiative: Members of a committee working on an initiative to subsidize mortgages for middle-income homebuyers have agreed to set preferential interest rates at 10%, a committee member said, according to Masrawy. The committee is currently awaiting an approval on the rate from the CBE, which […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-to-offer-10-interest-rate-on-mortgages-for-middle-income-homeowners\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-25T04:00:07+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-to-offer-10-interest-rate-on-mortgages-for-middle-income-homeowners\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-to-offer-10-interest-rate-on-mortgages-for-middle-income-homeowners\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt to offer 10% interest rate on mortgages for middle-income homeowners\",\"datePublished\":\"2019-08-25T04:00:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-to-offer-10-interest-rate-on-mortgages-for-middle-income-homeowners\/\"},\"wordCount\":125,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"middle class\",\"SPEED ROUND\",\"subsidies\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-to-offer-10-interest-rate-on-mortgages-for-middle-income-homeowners\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-to-offer-10-interest-rate-on-mortgages-for-middle-income-homeowners\/\",\"name\":\"Egypt to offer 10% interest rate on mortgages for middle-income homeowners - 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