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 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...
Contractors in the Egyptian market have been among the hardest hit by the government’s ambitious reform agenda over 2017. While Cairo’s efforts to put the national economy on sounder footing will likely bear fruit, there has been short-term pain in the form of high inflation and increased cost pressures on construction firms. In this period of...
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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