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...
While Egypt’s formal real estate market has become a crucial and high-performing segment of the economy, it has struggled to tackle the challenge of affordable housing. Egypt suffers from a chronic housing deficit of up to 3m homes, with annual demand for new homes reaching as high as 500,000 units. Previous administrations have sought to...
While the impact of Egypt’s economic reform programme is being felt acutely in the transport industry, the sector has become a particular focus of investment attention. From urban transit to seaports and airports, the country’s transport network is poised for a significant upgrade. Although demand is unpredictable and subdued in certain...
The Egyptian property market is constantly undergoing reform. While mortgages are difficult to obtain and disputes can be complex, the system as a whole is remarkably effective. People regularly buy and sell real estate, and a functioning market exists despite the lack of a best-practices system of recording.
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