Offering social housing apartments and 6 steps for booking
Social housing apartments
With prices and areas, the announcement of offering housing units in “Sakan Misr” in the new 6th of October City
Reserving social housing apartments within the new offering is considered one of the important matters that citizens are constantly asking about, especially the low-income groups who are waiting for social housing apartments from one announcement to another.
Read also 500 pounds, receive an apartment immediately from the Ministry of Housing apartments
According to confirmed sources within the Ministry of Housing, preparations are currently underway to offer the new announcement for social housing apartments for low-income groups in a number of new cities in various governorates of the republic, as the offering is scheduled to be announced in a few days.
Housing Apartment Booking Video
According to sources in the Ministry of Housing, the offering includes 75-meter units with a down payment of 12,000 pounds and 90-meter units with a down payment of 15,000 pounds. Announcement of booking social housing apartments in 7 cities in installments over 30 years with an interest of only 3%
The new offering of social housing apartments is subject to the real estate financing system according to the new initiative that allows paying 15% of the value of the housing unit as a down payment, then the rest of the unit price is paid in monthly installments for the longest repayment period of up to 30 years in exchange for a decreasing interest of 3%.
Social housing units are considered among the units of the Ministry of Housing that receive the most support from the state, as the beneficiary of the housing unit receives cash support from the state amounting to 60 thousand pounds, in addition to support for the land and facilities of the housing unit.
Social Housing
It is expected that the prices of housing units in the new offering of social housing units will witness an increase of between 10 and 15% over the prices of units in previous offerings in the social housing project. This is due to the rise in the prices of building materials such as iron and cement resulting from the rise in the price of the dollar against the Egyptian pound. The highest price of the dollar today, Wednesday, May 26, 2022, in Egyptian banks reached about 18.43 pounds for purchase and 18.50 pounds for sale.