Egypt’s current parliament is witnessing the highest representation of real estate developers in its history, with around 20 members in the House of Representatives and nearly five in the Senate coming from the sector. This strong presence is expected to directly shape the legislative agenda, placing real estate development challenges at the forefront of parliamentary discussions during the current session. Meanwhile, housing committee member Mahmoud Taher highlighted the importance of introducing independent escrow accounts for each real estate project. Real estate brokerage and land allocationMassoud added that regulating the market would remain incomplete without a law governing real estate brokerage, noting that the absence of regulation has led to inflated commission rates ranging from 8% to 15%, compared to the historically standard 2.5%. On land allocation, housing committee member Mohamed Sobhy pointed to difficulties in acquiring land and rising construction material costs as major challenges facing developers.

Source: Daily News Egypt February 08, 2026 18:02 UTC