Despite the ongoing effects of the COVID-19 crisis, Egypt’s property developers enjoyed a bumper Q3 last year, with sales turning positive on a YoY basis, reflecting optimism for a quicker and more robust recovery over 2021, according to Invest-Gate’s latest market overview report, titled “Scope-Out Egypt’s Real Estate Scene in 2020.”

Invest-Gate examines the current status of Egypt’s property market, while casting an eye over and assessing affordability among different income groups to guide the way out of the extending slowdown in purchasing power.

Countless payment options from banks and companies have become available for buyers through the mortgage finance system. Invest-Gate presents plans offered by a number of mortgage companies to guide newly-weds through when starting a family.

Despite the housing boom in Egypt, and the countless payment options that have recently become available to buyers, the mortgage market is still in its infancy with limited popularity despite being widespread in other parallel markets, internationally