Egypt Real Estate for Sale & Properties for Rent
Please accept our heartfelt congratulations on behalf of the Organizing Committee of Luxury Lifestyle Awards upon achieving such a great result and getting your efforts recognized and celebrated. We wish you continued success in 2023 and beyond and hope to see you among our participants next year too. VIP PROPERTY SERVICE "OFF-MARKET" POOL -DISCREET SALE OF YOUR PROPERTYYou will receive exclusive support for exclusively discreetly marketed properties that are not accessible to the public. For those who want to sell the property and is not aware of the market price. The only you need to complete the form and we will get back to you within 24 hours. Property lawyers in Egypt are on your side and their goal is to let you buy real estate in Egypt safely.
In 2021, the President issued a government regulation prohibiting developers from selling any units until at least 30% of the project is completed. The Administrative Capital for Urban Development's decision is also believed to have enhanced project completion rates by encouraging developers to reduce project delivery times. In 2022, an estimated 29,000 apartments are expected to be constructed, with the majority of these being located to the east real estate Egypt of Cairo. With the population of Greater Cairo expected to treble in the next few decades, developers will be in high demand for residential homes. Increased labor and construction material costs could be a difficulty for developers, resulting in project delays, higher expenses, and, in the worst-case scenario, project cancelations. The commercial real estate market in Egypt is fragmented, with a lot of companies in the construction industry.
That is, the market price of real estate is then higher than the fundamental value . Hence, producer surplus increases as real estate developers receive revenues much higher than the cost. On the other hand, consumer surplus decreases as buyers incur a price much higher than their purchasing power and their willingness to pay.
They’re constantly striving to provide the highest quality in the field of real estate consultancy. The Address is a real estate consulting company established in Egypt. They aim to create a win-win partnership by consistently providing their customer base with the most beneficial real estate options. Savills provides a broad array of services from financial consulting to planning and property management.
Situated in one of the most private compounds in Giza, this villa is perched on top of an elevated mount 35 meters high, granting a sublime view of the Great Pyramids of Giza. Heritage is a prominent architectural firm in Alexandria that provides valuable properties with the highest level of service, unique luxurious design and strategic site location selection. Inflation almost reached 35% (“Egypt Inflation Rate”, 2019) as a result of the devaluation of the Egyptian pound to 48% . To combat hyperinflation, the CBE adopted a contractionary monetary policy by raising interest rates from 9% to 18%.
The Egyptian government announced a series of widely welcomed economic measures to help protect the economy against the negative repercussions of the COVID-19 pandemic. The huge villas and small but nice apartments in different regions are crowds around waiting for you to take a look at them. Investing money into real estate in Egypt is a worthwhile undertaking. You may travel to the sea as often as you like, or you can give it for rent – demand for having a vacation is always pretty high for red sea international real estate.
First of all, large-scale projects should be scrutinized pre-launch to investigate developers’ capital and plans. Besides, the government should also provide real opportunities and development in satellite cities to encourage real demand and put limitations on government spending in real estate. The government should also be prepared to provide a bailout in the form of financing packages to avoid a crash in the case of a burst. The current uncontrollable supply in the market is partly because of a lack of government regulation. Improved regulation would thus refrain developers from taking on large-scale, high-risk projects with uncertain future cash flows.
Real Estate Investment Trends & Insights may contact you with updates, relevant promotions and information about events provided by Informa Markets and its partners. Your details may be shared with carefully selected partners who may contact you about their products and services. I don't want to receive updates from Cityscape Intelligence
RECAP is a market-leading organization with businesses and investments that provide services across a wide range of the real estate Industry. They have offices in Dubai and Cairo, where they use their strategic and operational skills. It has headquarters in New Cairo, Egypt, where it offers high-quality residential and commercial real estate services. It also offers services such as property management, marketing consulting, market research, project management, and appraisal.