The Ministry of Housing and the Real Estate Authority Fund aim to announce the eighteenth cycle of the social housing program and offer it to low-income citizens in 2023. It is expected that this cycle will be announced sometime before the end of the current year or in January of next year at the latest.
The Ministry and the Real Estate Authority Fund cooperate closely to meet the needs of the low-income group of citizens and provide affordable housing opportunities at reasonable prices. The program aims to provide housing for citizens experiencing financial difficulties and improve their quality of life by providing a safe and sustainable residential environment.
It should be noted that this eighteenth session comes within the framework of the government’s efforts to promote social housing and provide housing opportunities for citizens with limited income. It is expected that the program details and application conditions will be announced in the official announcement that will be published in the specified period.
This step aims to achieve comprehensive development, improve the standard of living for citizens, and enhance social and economic stability in society. This initiative reflects the government’s commitment to meeting the needs of citizens and providing affordable housing opportunities for the most needy groups.
Low-income apartments
The Egyptian government works to provide housing support for low-income citizens by providing social housing apartments. Apartments with an area of 75 square meters are available with a down payment of only 15 thousand pounds in a number of new cities. In addition, apartments with an area of 90 square meters and a reservation deposit of 22 thousand pounds are being offered for middle-income groups. The remaining amount is paid over 30 years, and 10% of the apartment value is paid upon receipt.
This step aims to provide affordable housing opportunities for low-income and middle-income citizens, and improve their standard of living. This initiative reflects the government’s commitment to meeting citizens’ housing needs and providing affordable housing opportunities. These apartments are provided as part of the government’s efforts to develop new cities and provide a safe and sustainable residential environment for citizens.
Prices of social housing apartments 2023
So far, the final announcement of the prices of social housing apartments in the new offering has not been made. In the previous announcement, the announced prices for the units were 310 thousand pounds for apartments with an area of 90 square meters and 245 thousand pounds for apartments with an area of 75 square meters. However, prices are expected to rise in the new announcement due to increasing raw material costs in the construction sector. It is expected that the price of the 90-square-meter unit will reach 400 thousand pounds.
Citizens should review the official announcement that will be published to know the final prices and full details of the new offering. It should be ensured that the information available is reliable and up-to-date from official sources before making any decisions regarding the purchase of real estate.
Locations of low-income apartments
According to sources within the Ministry of Housing, apartments are being offered in several new cities in the 18th announcement. The announcement is expected to include apartments in the following areas: New October, New Cairo, New Obour, October Gardens, 10th of Ramadan City, Shorouk, New Mansoura, New Damietta, West Qena, and Nasser (West Assiut).
Those wishing to obtain social housing apartments must review the official announcement that will be published to know the full details of the cities and regions included in the new offer. It is recommended to check official sources to obtain accurate and updated information about real estate offers and prices.
2023-09-14 08:16:39
#Apartments #expensive #are. #Ministry #Housing #launches #project #lowincome #apartments #cities
