Although Egypt lacks a strong mortgage lending segment, promoting home lending is not a current political priority. However, over the longer term, developing a stronger lending framework could assist in assuaging the country’s housing crisis.
Egypt Construction
Displaying 37 - 42 of 46
Articles & Analysis | Home financing: Improving access to mortgages could boost the real estate sector from The Report: Egypt 2013
Articles & Analysis | Fair play: The new tax law aims to close loopholes and improve collection from The Report: Egypt 2013
In December 2012, the Egyptian cabinet agreed to postpone the implementation of the country’s new property tax law – which had been due to take effect in January – until July 2013. The new law, which was intended to expand the tax base, was introduced to the statute book in 2008 under former president Hosni Mubarak but had not yet been implemented...
Articles & Analysis | Adapting to change: Commercial property developers focus on the long-term outlook from The Report: Egypt 2013
Commercial real estate developers in Egypt currently face a number of key challenges. Since the 2011 revolution, demand for grade-A office and high-end retail space has fluctuated dramatically. As of the second half of 2013, a considerable percentage of the country’s high-quality commercial space had been recently vacated, according to data from the...
Articles & Analysis | Urban migration: Rapid growth in the world’s largest cities creates challenges for planners from The Report: Egypt 2012
Globally, the process of urbanisation is undeniable and irreversible, and the phenomenon has had a particularly acute impact on Cairo, Egypt’s capital, as well as on the continent as a whole. According to the UN’s “State of African Cities 2010” report, the number of people in Africa’s urban areas will increase threefold over the next four decades,...
Articles & Analysis | Rethinking and reshaping: New developments outside Cairo’s core are evolving in several ways from The Report: Egypt 2012
The long-term determinants of the real estate market in Cairo are governed by two main factors – the housing needs of the young and growing population, and the clogged, chaotic core of the city with its aging building stock. It has long been the case that Cairo cannot take the pressure of the millions who live and work there, and these factors...
Articles & Analysis | One for all: The low-income housing segment is in need of massive expansion from The Report: Egypt 2012
Low-cost housing is an underserved real estate segment that is likely to get more attention in 2012 and beyond. This is where the bulk of demand lies, and was one of the sources of revolutionary fervour in January and February 2011. In addition to the resignation of Hosni Mubarak, the country’s former president, and his government, many protestors...