Why Rent While You Can Own

28/03/2018

Under the slogan of "Why do you rent ... while you can own"

The United Bank presents an innovative system for mortgage in various governorates of the Republic

Cairo: July 12, 2017

In order to raise the awareness of the community about the national mortgage programs and their importance in serving the Egyptian citizen, The United Bank is participating an innovative system of mortgage finance programs at Ammar Ya Misr, one of the largest international exhibitions specialized in real estate marketing at its eighty-fourth session from 14-17 July 2017, Al-Saraya Hall, Intercontinental Hotel (City Stars) Nasr City.

Mohamed Samir, head of mortgage finance sector, said that The United Bank aims to raise national awareness of the programs and the advantages of mortgage finance to customers, which is one of the obstacles facing the mortgage market.

For this reason, The United Bank as one of the leading banks in the field of mortgage finance initiated spreading the mortgage finance awareness among Egyptians, whether residing at home or working abroad to take advantage of the enormous privileges offered by mortgage programs for individuals, especially through the initiative of The Central Bank of Egypt.

Mohamed Samir said that there is a package of recent amendments announced by The Central Bank of Egypt, which contribute greatly to the revival of the real estate market and meet the needs of Egyptian, including the amendments to the Egyptian Real Estate Finance Law No. 148 of 2001 regarding the amendment of its provisions by Law No. 55 of 2014.

On the sidelines of the exhibition, The United Bank is holding educational seminars on the advantages of mortgage programs, including the advantages of the real estate finance law and the initiative of The Central Bank of Egypt for real estate finance in cooperation with Ammar Ya Misr exhibition. The date of the seminars will be announced during the exhibition.

Mohamed Samir said that the mortgage programs offered by The United Bank target Egyptians, especially in light of the growth of huge opportunities for Egyptian real estate in line with the devaluation of the local currency. So that owning the real estate in Egypt is now a powerful attraction for both residence and investment. The property has been a safe for value over the years.

He stressed that The United Bank will soon introduce new mortgage programs to suit all the needs of the customers, most importantly the program