Egypt’s real estate search engine Aqarmap expects a further 10% rise in property prices in the upcoming two months, Invest-Gate reports.

Addressing the Cityscape conference on March 30, Aqarmap Chief Executive Emad al-Masoudi says that property prices had increased by up to 40% during the past two years, adding that prices soared by 9% in just one month following the EGP float last November.

Al-Masoudi also notes that Aqarmap attracted more than 14 mn visitors in 2016, adding that more than 17,000 residential units worth upwards from EGP 10 mn were sold through the Egyptian search engine in the same year.