A 3% increase in real estate demand has been noted in December 2016 compared to the 1.5% recorded in November of the same year, according to a released statement by Aqar Map, Invest-Gate reports.

Despite the real estate market price increase by most companies during the last quarter of 2016, there has been a notable increase in the demand as well. Real estate companies have increased their prices over 15% during four months.

The statement also reads that the increase in prices came as part of a re-pricing plan following the complete flotation of the Egyptian pound; however, Aqar Map cannot predict the demand rate in the months of January and February given the increase in prices during the first quarter of 2017.