| From Reuters: Egypt plans to bring in simpler procedures to secure mortgages, aiming to lift the number of customers by 15,000 next year, boosting the nascent market for housing loans, an official said on Tuesday.
Red tape and conservative lending rules have hamstrung Egypt's mortgage sector. Mortgages make up under half a percent of gross domestic product (GDP), compared to 14 percent of GDP in Morocco and more than 80 percent in Britain in 2008..............................................Full Article: Source
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