{"id":603269,"date":"2019-04-17T04:00:42","date_gmt":"2019-04-17T04:00:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/cbe-agrees-to-lower-interest-rates-for-middle-income-housing\/"},"modified":"2019-04-17T04:00:42","modified_gmt":"2019-04-17T04:00:42","slug":"cbe-agrees-to-lower-interest-rates-for-middle-income-housing","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/cbe-agrees-to-lower-interest-rates-for-middle-income-housing\/","title":{"rendered":"CBE agrees to lower interest rates for middle-income housing"},"content":{"rendered":"

<\/a> CBE to renew mortgage financing program for middle-income homeowners: <\/b>The Central Bank of Egypt (CBE) has agreed to a proposal from the Federation of Egyptian Industries\u2019 Real Estate Development Chamber to reintroduce lower interest rates for would-be middle-income homebuyers, Zawya reports<\/a>. The initiative will offer preferential interest rates of 10.5% to prospective homeowners starting from July, the chamber\u2019s chairman Tarek Shoukry said at a real estate development conference on Monday. The 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 government said last month<\/a> it was considering setting up a fund to support middle-income Egyptians looking to buy homes.<\/p>\n","protected":false},"excerpt":{"rendered":"

CBE to renew mortgage financing program for middle-income homeowners: The Central Bank of Egypt (CBE) has agreed to a proposal from the Federation of Egyptian Industries\u2019 Real Estate Development Chamber to reintroduce lower interest rates for would-be middle-income homebuyers, Zawya reports. The initiative will offer preferential interest rates of 10.5% to prospective homeowners starting from […]<\/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":[72,8276,349,83,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603269","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-housing","tag-interest-rates","tag-real-estate","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d6df7b2d-dde2-4a07-a143-28720e0b7dda","is_powered_by":true,"section_story_id":"4f36080e-f7cb-4f48-a4e8-e388067daa4b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[603258],"teaser":"","voice_url":""},"yoast_head":"\nCBE agrees to lower interest rates for middle-income housing - 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\/04\/17\/cbe-agrees-to-lower-interest-rates-for-middle-income-housing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBE agrees to lower interest rates for middle-income housing\" \/>\n<meta property=\"og:description\" content=\"CBE to renew mortgage financing program for middle-income homeowners: The Central Bank of Egypt (CBE) has agreed to a proposal from the Federation of Egyptian Industries\u2019 Real Estate Development Chamber to reintroduce lower interest rates for would-be middle-income homebuyers, Zawya reports. The initiative will offer preferential interest rates of 10.5% to prospective homeowners starting from […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/cbe-agrees-to-lower-interest-rates-for-middle-income-housing\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-17T04:00:42+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\/04\/17\/cbe-agrees-to-lower-interest-rates-for-middle-income-housing\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/cbe-agrees-to-lower-interest-rates-for-middle-income-housing\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"CBE agrees to lower interest rates for middle-income housing\",\"datePublished\":\"2019-04-17T04:00:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/cbe-agrees-to-lower-interest-rates-for-middle-income-housing\/\"},\"wordCount\":120,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"housing\",\"interest rates\",\"real estate\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/cbe-agrees-to-lower-interest-rates-for-middle-income-housing\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/17\/cbe-agrees-to-lower-interest-rates-for-middle-income-housing\/\",\"name\":\"CBE agrees to lower interest rates for middle-income housing - 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A committee with members from the central bank, local banks, and real estate developers will be formed to discuss the specifics of the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596302,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/25\/egypt-to-offer-10-interest-rate-on-mortgages-for-middle-income-homeowners\/","url_meta":{"origin":603269,"position":1},"title":"Egypt to offer 10% interest rate on mortgages for middle-income homeowners","author":"enterpriseam admin","date":"25 August 2019","format":false,"excerpt":"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. 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The bank is focusing this year on mortgage financing for lower-income citizens, and may\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569319,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/central-bank-of-egypt-launches-its-mortgage-finance-program\/","url_meta":{"origin":603269,"position":3},"title":"Central Bank of Egypt launches its mortgage finance program","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"The Central Bank of Egypt (CBE) has launched its EGP 50 bn mortgage finance program for middle-income housing ahead of schedule, Deputy Governor Gamal Negm said, according to Hapi Journal. The program was expected to launch next month. All banks on the market will be able to grant subsidized loans\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":640824,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/05\/mortgage-finance-fund-to-doll-out-egp-10-bn-this-year\/","url_meta":{"origin":603269,"position":4},"title":"Mortgage Finance Fund to doll out EGP 10 bn this year","author":"enterpriseam admin","date":"5 September 2017","format":false,"excerpt":"The Mortgage Finance Fund is looking to doll out EGP 10 bn this year, reports Al Borsa. 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