Egypt’s Hospitality Sector On The Rise Post Float
Monday, 19th June 2017
Egypt’s hospitality sector is taking an upward trend after the Central Bank of Egypt (CBE) decided to float the local currency, making the country cheaper than ever and more appealing to tourists, accordingly increasing demand from international investors and tourists. Invest-Gate gives an overview on the sector pre-and post the devaluation of the EGP
Egypt’s Developers Urged to Smarten Waste Management Techniques
Sunday, 28th May 2017
Experts are urging the country’s real estate developers to smarten up their techniques on urban waste management and set out a vision enabling the development of flexible, green, and adaptable cities. Invest-Gate looks into developers’ attitude towards waste management in Egypt amid recent initiatives...By Leena Eldeeb and Menna Farouk
The Key to Egypt’s Future: New Alamein Eco-City
Friday, 30th September 2016
Egypt's official tourism website describes the Mediterranean city of Alamein as the “key to Egypt.” This Mediterranean city, located halfway between Alexandria and Marsa Matrouh, is famous for witnessing several World War II battles. The Egyptian government has targeted the country’s north west coast for development and New Alamein, a multi-billion pound eco-city designed to boost the country’s economy, will be an important part of that long-term goal. With initial construction underway on New Alamein, a more apt name may soon be “key to Egypt's future.”
Off-Plan Property vs. Existing Property: Which to Buy?
Thursday, 29th September 2016
With the continuous rise of real estate prices due to the persistently high demand, developers have begun to expand on their off-plan investment offerings, amid different facilitations to ease the purchase cost for buyers and help them secure better financing terms from their lenders.
Everything You Need to Know About Property Mortgage in Egypt
Sunday, 25th September 2016
Despite the housing boom in Egypt, and the myriad payment options that have recently become available to buyers, mortgages have nonetheless maintained a limited popularity, despite being widespread in other parallel markets internationally. Aiming to tackle this issue, and to moreover bridge the housing gap, the Central Bank of Egypt (CBE) launched its mortgage financing initiative in 2014, aiming to provide EGP 10 billion to banks to provide mortgage loans to homebuyers.
Making Your Investment Count: Commercial vs. Residential Property
Wednesday, 21st September 2016
The Egyptian economy is currently facing turbulent times, as the country remains locked in a currency crisis, while poor economic growth forecasts have sent investment tumbling in recent years. However, one sector which still remains buoyant during the country's difficult times is Real Estate. The main reason behind its stability is the belief of many Egyptians that property investment one of the safest investments, as well as a hedge against inflation in the country.
Social Housing: Promises, Law, and Application
Thursday, 1st September 2016
Egypt has long been subject to many housing difficulties, especially with the increase of informal and hazardous areas that have fostered due to the shortage of affordable housing. With an expanding population, which has tripled since 1960s, the country was catapulted into an urbanization crisis, creating major pressure on the housing capacities of major cities, mainly Cairo.
Egypt’s Top 10 Roads: Exploring the National Roads Project
Wednesday, 24th August 2016
Despite the current economic situation, the Egyptian government has been focusing the larger portion of its plans to attract foreign direct investment (FDI) into the country. One industry that has been benefiting from the inflow of FDI is the real estate, especially in terms of projects in new non-urban areas.
Sahel vs. Sokhna: Where to Buy?
Wednesday, 17th August 2016
Owning a vacation property is a huge draw for some, allowing a person to acquire their very own small slice of paradise and enjoy it at your leisure without the hassle of renting. It also means enjoying serene, picturesque settings, clean air, away from the congestion of the city. Two avowed examples of Egypt’s vacation spots are Ain Sokhna and the North Coast.