Affordability of Buying & Renting

  • Published on 03 November 2016

An estimated 54.3% of Egyptians are considered cost burdened. Median rents or house prices surpass what they can comfortably afford: 59.4% of households would have to pay more than 25% of their monthly income to rent the median priced home (EGP 800). While almost half of households (49.2%) would not be able to buy the median home which at EGP 225,000 surpassed the House Price to Income (HPI) ratio of 6.6.

For more on affordability please click here