The MLS system is the country's first platform for placing multiple real estate listings, created on the initiative of the government. It will bring together key players, including real estate agents, developers, financial institutions and government agencies.It is not just a database, but an integrated system designed to form a well-organized and centralized market.
The new platform will ensure the verification of housing listings and verification of transactions, which will eliminate the use of fraudulent schemes.
According to Housing Minister Sherif El-Sherbini, the innovation is largely aimed at stimulating foreign investment. "The Ministry of Housing is currently developing a comprehensive strategy to promote Egyptian real estate abroad," El-Sherbini said.
Source: Daily News Egypt
