Egypt, Arab Rep. of


    The Housing Finance Sector data for Arab Republic of Egypt extends back to 2010. Please click on the Research Center tab above to access data for previous years not shown.

    Egypt, Arab Rep. of : Statistical Data At-A-Glance
    IndicatorDataYearSource
    Total population95.69 million2016WDI
    Urban population (% of total)43.22% of total2016WDI
    GDP, current prices (U.S. dollars)332,349 USD (millions)2016WEO
    GDP based on PPP per capita GDP (Current international dollar)12,113.09 USD 2016WEO
    Inflation, end of period consumer prices (Percent change)10.23%2016WEO
    Average bank deposit rate7.86%2016IFS
    Lending rate13.6%2016IFS
    Owner-occupied units37% of total2011MFF
    Total amount of home mortgage loans outstanding at the end of year in millions of USD:691.34 USD (millions)2013HOFINET Figures
    Total amount of home mortgage loans outstanding at the end of year as % of GDP (current).26%2013HOFINET Figures
    Total # of home mortgage loans outstanding at the end of year42,069 thousand2016Country Editor
    Typical LTV at origination702007International Journal of Managing Practices in Business
    Typical pmt-to-income ratio (HH income)25%2011MFF
    Retail funding (deposits/other)primary2016Country Editor
    Wholesale funding: loans from other banks or corporationssecondary2016Country Editor
    Other tertiary2011MFF
    Typical number of days needed for the transfer of title632016WDI
    Full Data Set
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    About the Editor

    Mortgage Finance Fund (MFF)
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    Established in 2003 by virtue of a presidential decree to expand housing affordability to low and middle income households through three main functions:

    • Channel subsidies to eligible lower-income groups of the society.
    • Provide temporary social safety for borrowers who experience adverse life events, such as a loss of employment that leads to payment defaults. It would finance up to three monthly mortgage payments on behalf of borrowers in times of demonstrated social hardship.
    • Receive land and infrastructure subsidies for the construction of new housing and acting as a developer of houses affordable to the targeted income group for their direct subsidy program, while at the same time assisting in “jump-starting” the mortgage sector.