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Mortgage in Egypt
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27-12-2007, 05:57 PM
propertastic
Senior Member
Join Date: Jul 2007
Location: Hurghada, Egypt
Posts: 603
I can't see how anyone can offer mortgages in LE at 8% when the interbank rate is currently at 8.75% - the bank offering it would be losing money on the deal.
If the mortgage was in GBP, USD or EUR, then it would make sense, but not in LE.
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