May 31, 2022

The real estate market in Egypt

What is the real estate market like in Egypt?

The real estate market in Egypt, like any real estate sector in the countries of the world, is affected by economic changes, international conditions and the rise in global prices for building materials. The real estate market in Egypt has gone through periods of slowdown like others, but it has managed to survive and regain strength quickly compared to others. The real estate market in Egypt has enjoyed a strong reputation in the world of real estate and the economy, which makes it one of the best real estate markets for investment in the Arab region.

Let's take a look at the most important factors that make the real estate market in Egypt coherent and evolving for the better:

1- Egypt has been interested in welcoming real estate developers in the real estate market. Egypt has realized the importance of these developers, because they lead the real estate sector towards more confidence and strength in the face of all urgent challenges.

2- Encouraging real estate development in housing projects within the real estate market in Egypt, because housing projects are a major focus and a necessary element needed by the real estate market in Egypt.

3- The real estate market in Egypt provides golden investment opportunities with a promising future, thanks to the remarkable speed of development of real estate projects, which is one of the most important features of the real estate market in Egypt in the recent period, because the demand for real estate in Egypt stems from the actual need for housing. Residential is the highest demand in Egypt since the sixties and until now it is still witnessing an increasing demand every day. Especially the demand for economic housing, which indicates the existence of huge opportunities, and we stress here that although the real estate market is under pressure, it meets its requirements.

4- The great real estate development of the tourism sector has made the real estate market in Egypt always active, and everyone realizes the great importance of Egypt as a very important tourist destination globally. Tourist real estate such as hotels, hotel apartments, restaurants, resorts, parks and marine recreational areas make the real estate market in Egypt a promising investment opportunity for Egyptian and foreign capital.

5- In the real estate market in Egypt, office and administrative real estate has been given great attention in recent times, because it is very important in Egypt. Everyone wants to work in areas close to residential areas, and the difficulty of transportation in overcrowded places made thinking about investing in administrative real estate a profitable share in the real estate market in Egypt.

6- Offers of real estate financing, real estate loans and investment in Egypt have greatly stimulated the movement of the real estate market. Great facilities have been granted in real estate matters within Egypt so that its real estate market maintains its movement and can meet the needs of everyone, Egyptian citizens can benefit from real estate financing, regardless of their simple or medium income level. Also, real estate investors and developers of mega projects can speed up their business thanks to real estate financing.

7- There is an indicator that no one can deny about the strength of the real estate market in Egypt: that Egypt is moving towards more huge real estate projects, building modern cities according to the “fourth generation” standards, and expanding housing projects in other cities. In Egypt, interest in developing the infrastructure of cities is noted. old, and build more massive road and bridge projects.

All this gives us an important idea to answer the question: What is the real estate market like in Egypt?