Social housing apartments 2023..and the number of units offered
Reserving social housing apartments in Egypt. Many citizens are searching for information about the location and date of launching social housing units for the year 2023, specifically the new residential apartments that will be available for reservation soon. These housing units are an important opportunity for many families to obtain housing at a low cost that contributes to improving the standard of living.
Booking social housing apartments in Egypt
The Social Housing Fund spoke in a previous announcement about the date of the new launch of social housing apartments designated for low-income people. This offering is expected to take place in the last quarter of 2023 or at the beginning of the new year 2024. These units will include areas ranging between 75 and 90 square meters.
As for the prices of social housing apartments in this announcement No. 18, the Social Housing Fund explained that they will range between 245,000 and 360,000 Egyptian pounds, and these units will be offered through the real estate financing system with convenient installment options based on the conditions specified by the Ministry of Housing.
Payment begins with a low-down payment, as the down payment for a unit with an area of 75 square meters is 15,000 pounds, in addition to another 10% to be paid upon delivery. These financing options provide the possibility of paying the rest of the amount in installments through the real estate financing system over a maximum of 30 years, which makes the apartments designated for housing Social security is more possible for citizens with limited income.
Conditions for applying for social housing apartments
To apply for social housing apartments in Announcement No. 18 in Egypt, applicants must adhere to the following conditions:
• The applicant must be of Egyptian nationality.
• The age of the applicant for reservation must be between 21 and 50 years.
• The applicant must pay the amount required as a deposit for the reservation.
• An individual is not allowed to reserve more than one housing unit in the same advertisement.
• The applicant's monthly income must not exceed 6,000 Egyptian pounds if he is single and 8,000 Egyptian pounds if he is married.
The Ministry of Housing specified, through its official account on social media, that there are a limited number of housing units offered in each city in the 18th announcement for reserving social housing apartments, which are as follows:
• New Mansoura City: 288 apartments.
• Nasser City, West Assiut, 192 residential apartments.
• New Rasheed City: 144 residential apartments.
• New Mallawi City: 148 apartments.
• West Qena City: 144 residential apartments.