The Egyptian real estate market has proven itself remarkably resilient to the political and economic tensions the country has experienced over the 2011-17 period. However, while real estate has historically been seen as a safe bet in uncertain times, economic headwinds, especially strong in late 2016 and the first half of 2017, stoked by...
While it may be early days for the Egyptian tourism industry’s recovery, investors appear to be convinced by it’s medium to long-term prospects. Indeed, despite the difficulties faced by hospitality firms in the last few years, Egypt has the most hotels under construction on the continent. According to a mid-2017 report by the trade news site...
While the decision to float the Egyptian currency in November 2016 had a mixed impact on developers and the new-build residential market, it had a singular consequence for the resale or secondary market. Indeed, in terms of new units, the market has continued to progress, with extended payment terms and a slower release of off-plan units...
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