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Orascom Development to Build Low-Cost Homes in Iraq, Romania

By Implode-Explode Heavy Industries

"-The need for low-cost and middle-income housing is rising in Egypt, which has a population of 80 million. The number of new housing units required per year in the country may reach 600,000 overall, with about 65 percent of the demand coming from people who make less than 24,000 pounds a year, said Patrick Gaffney, a real-estate analyst at HSBC Securities Egypt in Cairo."

Full post as published by Mortgage Lender Implode-o-Meter on March 11, 2010 (boomark / email).