Developers & Egyptian Payment Plans
Hello do you think the payment plans in Egypt will mature as they have in Morocco where I specialise in? at the moment in Morocco there seems to be 2 types of plan see below.
For example if you look at the typical the typical development in Morocco you will find the payment plans are 20% on contract 20% on start of build 60% paid by mortgage or cash on completion
2nd payment plan would be 15% on contract and then a further 10% the remainder of 75% is then usually paid by mortgage or cash..
I and most of my buyers & investors seem to prefer this type of payment plan as it is gives the buyer more time to save there money. It also helps if you are trying to gear your money i.e using the banks money not your own.
Does anyone think that the payment plans in Egypt will change? or does anyone know of payment plans that don't require so much money up front?
What are the best payment plans on the market?
I look forward to your responses.
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