Economic news

Mortgage finance initiative with preferential interest rate

A new mortgage finance initiative is currently under study , aiming to maintain strong demand and enhance liquidity in the real estate market . the Real estate Development Chamber has proposed that, the interest rates within this initiative range between 8 - 12% depending in the property size.

If implemented, the initiative is expected to have a positive impact on the real estate companies, supporting sector activity and improving market dynamics.

Beneficiary stocks

-MASR target price EGP 7.90

-PHDC, target price EGP 9.50

-ORHD, target price EGP 39

-TMGH, target price EGP 63.50

-HELI, target price EGP 3.98

Walaa Mosalam - Head of Research

WMosalam@egy.primegroup.org