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ARTICLE · 03 JULY 2015

Real Estate Finance System Obstacles In Egypt

Youssry Saleh Law Firm
Youssry Saleh Law Firm
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Youssry Saleh Law Firm

Youssry Saleh Law Firm

Youssry Saleh Law Firm, based in Cairo, has been operating since 1985. During 40 years of practice...

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There are many borders that stand between the real estate finance system and individuals. These borders are the bureaucratic system, long procedures and lack of public awareness.

EgyptReal Estate and Construction
Yulia Akinfieva, M.B.A, LL.M.
Yulia Akinfieva, M.B.A, LL.M.
Mohamed Amr Metawea
Mohamed Amr Metawea
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Real estate in Egypt is considered one of the main industries that have a significant effect on the gross domestic product and according to the world folio the growth rate of real estate sector in Egypt accounted 8 % in the 2013 GDP also, this sector absorbed about 14.9 % of the employment.

The Real Estate is not only building houses or new cities, but also it's considered as the start button for many other industries such as furniture, ceramic, aluminum and also its one of the solutions to solve the issue of unemployment.

Real Estate sector nowadays is so active in Egypt especially after Sharm El-Sheikh Economic Summit as it took the loin share in this conference and the government is focusing on the real estate projects in order to balance between the growing growth of population and the properties available.

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