This article was written a year ago, but it gives a good color on how creative land deals provided by government and private sector  investment from middle east, is helping local construction growth and providing housing for various levels buyers.

TMG holdings, the largest listed home builder and hotel developer/owner.tmgh.png

it fell 50% during 2015 and is very cheap again. It just reported very nice home building sales and profits growth  but flat or down hotel revenues, due to recent down turn in tourism in 2015.

This article written about 6 months ago is more critical of the new government

Here is another good article by  an Africa think tank:


It seems to be clear on the growth path of Egypt’s banking and mortgage lending in 2015

Mortgage finance witnessed a remarkable growth of 82 percent during the first seven months of 2015, where the volume of mortgage loans granted amounted to LE 586 million (US$78 million) compared to LE321 million (US$42.8 million) during the same period of 2014. The total amount of mortgage loans granted by the companies until July 2015 was LE 2.6 billion (US$346 million). The Egyptian Mortgage Refinance Company (EMRC) held operations amounting LE73 million (US$9.7 million), compared with LE28 million by the end of July 2014.