Several Egyptian political parties on Saturday voiced their rejection towards amendments made to the real estate registration law, stating that it only increases the material burden placed on citizens. They also announced their agreement with the Future of the Nation party’s call to discuss the law and its amendments, following public outrage and rejection. He told Al-Masry Al-Youm that the complex procedures of the law in its current form could likely prevent it from being applied to millions of real estate and residential units. The Chief of the Justice Party Abdel Moneim Imam criticized the law and submitted an explanatory memorandum to the draft law. In it, he confirmed that after the 75 years since the real estate law was approved, more than 90 percent of real estate wealth in Egypt is not registered which proves that the law did not solve these problems.

Source: Egypt Independent February 28, 2021 09:55 UTC