Real estate developers urge financial support, regulatory reforms, and global promotion to drive growth

At the close of the second edition of “The Investor… Real Estate” conference, held under the theme “Real Estate… Challenges, Initiatives, and Financing Solutions,” real estate developers outlined a series of critical recommendations aimed at revitalizing the sector and driving sustainable growth.

Foremost among these were calls to amend the mortgage financing law, which has remained unchanged for 25 years and no longer reflects current market dynamics, to reduce bank interest rates, and to simplify procedures for real estate companies seeking to obtain credit. Developers also urged the introduction of financial and tax incentive packages to ease operational burdens and boost the market.

In addition, they stressed the importance of overcoming obstacles related to the implementation of the national property number system and called for streamlining property registration procedures. To promote real estate exports, developers suggested contracting with international brokers and renowned legal firms, drawing inspiration from the Turkish model.

Developers further recommended removing tax obstacles for real estate investment funds, adopting project finance models to mitigate the risks associated with rising costs, and providing special incentives for green and sustainable projects in line with evolving global demand. They also called for establishing clear and comprehensive databases for foreign investors to highlight investment opportunities in the Egyptian real estate market.