{"id":602166,"date":"2019-03-20T03:44:15","date_gmt":"2019-03-20T03:44:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/egypt-wants-to-subject-real-estate-payment-plans-to-fra-oversight\/"},"modified":"2019-03-20T03:44:15","modified_gmt":"2019-03-20T03:44:15","slug":"egypt-wants-to-subject-real-estate-payment-plans-to-fra-oversight","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/egypt-wants-to-subject-real-estate-payment-plans-to-fra-oversight\/","title":{"rendered":"Egypt wants to subject real estate payment plans to FRA oversight"},"content":{"rendered":"

LEGISLATION WATCH- Gov\u2019t wants to subject real estate payment plans to FRA oversight:<\/b> Installment-based payment plans for real estate could soon be regualted by the Financial Regulatory Authority (FRA) under a legislative change now being mulled by the Madbouly government, unnamed government sources told the domestic press<\/a>. The report suggests that officials believe real estate companies are under-reporting sales. Don\u2019t expect the move to be popular with the industry.<\/p>\n

Background:<\/b> The parliament has been working out a new law<\/a> that would regulate the real estate industry by clamping down on wildcat developers, creating a state-sponsored federation for home builders, and setting up a fund to hedge against sector-related risks. Real estate developers have previously voiced objections to any provision that would impose fines and prison terms for developers who miss delivery deadlines.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- Gov\u2019t wants to subject real estate payment plans to FRA oversight: Installment-based payment plans for real estate could soon be regualted by the Financial Regulatory Authority (FRA) under a legislative change now being mulled by the Madbouly government, unnamed government sources told the domestic press. The report suggests that officials believe real estate […]<\/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":[72,76,180,83,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602166","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-financial-regulatory-authority","tag-legislation","tag-real-estate","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"439ed029-3576-4bdf-a63e-f879b6c4a50a","is_powered_by":true,"section_story_id":"bab48820-f002-4328-bef7-88270390218e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602155],"teaser":"","voice_url":""},"yoast_head":"\nEgypt wants to subject real estate payment plans to FRA oversight - 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\/03\/20\/egypt-wants-to-subject-real-estate-payment-plans-to-fra-oversight\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt wants to subject real estate payment plans to FRA oversight\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Gov\u2019t wants to subject real estate payment plans to FRA oversight: Installment-based payment plans for real estate could soon be regualted by the Financial Regulatory Authority (FRA) under a legislative change now being mulled by the Madbouly government, unnamed government sources told the domestic press. The report suggests that officials believe real estate […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/egypt-wants-to-subject-real-estate-payment-plans-to-fra-oversight\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-20T03:44:15+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\/03\/20\/egypt-wants-to-subject-real-estate-payment-plans-to-fra-oversight\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/egypt-wants-to-subject-real-estate-payment-plans-to-fra-oversight\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt wants to subject real estate payment plans to FRA oversight\",\"datePublished\":\"2019-03-20T03:44:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/egypt-wants-to-subject-real-estate-payment-plans-to-fra-oversight\/\"},\"wordCount\":145,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Financial Regulatory Authority\",\"legislation\",\"real estate\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/egypt-wants-to-subject-real-estate-payment-plans-to-fra-oversight\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/egypt-wants-to-subject-real-estate-payment-plans-to-fra-oversight\/\",\"name\":\"Egypt wants to subject real estate payment plans to FRA oversight - 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