57.6 billion pounds.. the value of financing for social housing beneficiaries

The Housing and Development Bank announced the opening of the reservation door through the website for housing plot projects (the most exclusive / distinguished / average land axis) in the cities of Upper Egypt, for which reservation dates were set during the period from 19 to 21 March 2023.

New land reservation dates

The Housing and Development Bank said in a statement that the reservation dates for residential plots will start today, Wednesday, as follows:

Wednesday 04/12/2023 from ten in the morning until 11:59 in the evening to reserve the most exclusive lands.

Thursday 04/13/2023 from ten in the morning until 11:59 in the evening to reserve the privileged lands.

Tuesday 04/18/2023 from ten in the morning to reserve middle lands in the new city of Sohag.

Wednesday 04/19/2023 from ten o'clock in the morning to reserve middle lands in the new city of Assiut.

Thursday 04/20/2023 from ten in the morning until 11:59 in the evening to reserve medium lands in the new city of Fayoum, the new city of Beni Suef, the new city of Qena.

Total financing for apartments of social housing projects

On a related note, Mai Abdel Hamid, CEO of the Social Housing and Real Estate Finance Fund revealed the total financing for apartments of social housing projects for beneficiary citizens amounted to 57.6 billion pounds, to 499,363 citizens, at the end of March 2023, from 22 banks and 8 real estate financing companies.

National Bank of Egypt

Mai Abdel Hamid, said that the National Bank of Egypt topped the list with the highest financing, with a value of 15.665 billion pounds for 135,061 citizens, with a financing rate of 27.2% of the total value of the funds granted. 

Banque Misr

 Banque Misr with a value of 13.672 billion pounds to 113,541 citizens, or 23.7% of the total value of the funds disbursed.

The Housing and Development Bank ranked third with a value of 6.721 billion pounds to 70,571 citizens, or 11.7% of the total value of the funds granted.

At the corporate level, Contact for Real Estate Finance topped the list of the most financed real estate finance companies with a value of 838.361 million pounds for 6,165 citizens, or 1.5% of the total funds granted, followed by Al-Tameer Real Estate Finance Company, with a value of 814.022 million pounds for 6,745 citizens, with a rate of 1.4%.