EGYPT – Egypt proposes mortgage law changes

November 2012

EGYPT’S financial regulator has proposed changes to the mortgage law to allow remortgaging and higher borrowing levels for people on low incomes, in a drive to boost home ownership in the country of 83 million, says a report by Reuters. However, Ashraf el-Sharkawy, chairman of the Egyptian Financial Services Authority (EFSA), announcing the proposals, said that no changes could...

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EGYPT – Egypt proposes mortgage law changes

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