Where did the increase in housing loans go?
"Tahrkani", Deputy Minister of Roads and Urban Development:
🔹 The Supreme Housing Council approved an amendment to Section 4 of the Law on Increasing Housing Production, with the aim of diversifying financial facilities related to housing.
🔹 A significant part of the households' income goes to rent payments; Therefore, it is essential to strengthen the purchasing power of buyers.
🔹In some countries, 70-80% of housing purchase costs are covered through financial assistance.
🔹Such facilities can help middle-income groups become homeowners, but to achieve this, household economies must be strengthened and per capita income raised.
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