Will mortgage financing support new homeowners in Egypt?OBGplus
Egypt’s economic reforms, such as the flotation of the pound in late 2016, the reduction of fuel subsidies and the wave of inflation that followed, have broadly affected household purchasing power in recent years. In turn, this has caused a fall in demand for real estate and impacted the sector’s overall performance. This has been compounded by the outbreak of Covid-19 in early 2020, which…