Chairman of the Egyptian Financial Supervisory Authority (EFSA) Sherief Samy said in a statement on Sunday, that the funding provided for real estate projects since the beginning of January 2015 until the end of March exceeded LE270 million, compared to over LE126 million during the same period last year.
The total amount of funds granted since real estate funding was allowed until March 2015 has reached LE5 billion, compared to LE4.4 billion until the end of March 2014, which represent a 16.4 percent increase, he added.
He called on the government to resolve the pending issues related to the real estate registry as soon as possible.
Edited translation from Al-Masry Al-Youm
