Financial gaps pushes real estate developers in Egypt to seek new finance channels
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Some developers say that the loans they receive are not to due to lack of liquidity, as there is a real demand and sales cover the increase in construction cost.
After the Egyptian government liberalised the pound and the increase in construction materials and fuel prices, real estate developers had to ask banks for loans and facilitations to finance their projects, especially after decreasing down payments and extending installment periods.
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Source : Financial gaps pushes real estate developers in Egypt to seek new finance channels