Contact and Sakneen partnership: A one-stop-shop mortgage experience

Digital transformation paving the way

  
Contact and Sakneen partnership: A one-stop-shop mortgage experience

Cairo: Contact and Sakneen partner in one of the biggest and most recent deals in the fields of real-estate and mortgage, enabling clients to search for homes and finance them all through one platform.

As the real estate industry continues to develop, home buyers are finding it increasingly difficult to make one of the most important investment decisions due to the ever-increasing choices and options.

sakneen.com is a state-of-the-art search platform that helps homebuyers find their next home. Sakneen’s search engine provides users with a wide inventory of high-quality listings with accurate prices and a seamless user experience. The platform is unique in offering new properties from over 110+ developers, as well as existing homes on the secondary market. Also, users can access all the information they need to make the right investment decision - such as payment plans, 3D tours, and search filters to help users refine their search to match their needs.

Contact on the other hand, is providing the financing arm for the properties listed on the Sakneen platform, which gives clients up to 3 million EGP in finance and up to 10 years in payment tenures. In addition to the many facilitations, it also offers clients services such as quick financing, customer support and various channels that clients can pay their dues and installments through.

Potential homebuyers will be able to browse sakneen.com to search through homes eligible for financing and obtain pre-approval within a short period of time with the fastest and easiest procedures for the desired unit.

CEO of Contact Financial Holding, Mr. Said Zater, expressed delight towards this partnership. “The real-estate market is one of Egypt’s essential and important markets, considered as one of the main investment pools for individuals. Property is essential for everyone, and we found in Sakneen the needed technological development to lead the property re-sale market. With Contact’s financing abilities, we will open opportunities to many individuals and families to own homes they wish to buy, which will enable us to break the existing stagnation in the market due to lack of financial liquidity.” Stated Mr. Zater.

Mr. Zater also pointed out that Contact’s vision on developing financing services and products is parallel to Sakneen’s vision to make a breakthrough in the Egyptian real-estate market. “With an advanced search-engine, interactive technologies and easy financing, this partnership will be the first step to change the concept of buying and selling property in Egypt.” He stated.

Mr. Ramy Khorshed, Sakneen’s CEO & co-founder said that the aim is to change the way property is being offered to the public, which always lacked key information when listing the property on sites and platforms. “Our platform will help buyers make decisions faster and smoother, resulting in a unique and simple property buying experience” Mr. Khorshed stated. “Having Contact as a financing partner to fund the purchase of these units will contribute greatly in establishing the first digitalized home-buying experience with a powerful financing arm. Contact is a credible financer with years of experience and we believe that with a trusted name such as Contact, we will be able to make a huge change in the real-estate market,” He said.

Contact’s Marketing and Digital Transformation Group General Manager, Mrs. Yasmina Fahmy, sees this partnership as a game-changer for the real-estate market. “We see our partnership with Sakneen as a reflection of technological advancement and digital transformation, as we believe that clients today are looking for smooth and quick solutions placed between their hands through smartphones. We will see a huge breakthrough in the real-estate market as a result of this partnership, as it is the first step towards breaking the stagnation in the market.”

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