Increase in Traffic on OLX Properties from Egyptian Expats After EGP Float
Wednesday, 12th April 2017
Egyptian expats in Saudi Arabia have the highest online demand on OLX Properties, accounting for 56 per cent of overall traffic, especially after the Egyptian government floated the EGP last November, Invest-Gate reports.
Tourism Sector to Flourish more than Residential, Office Sectors in 2017
Tuesday, 17th January 2017
The recent EGP float has resulted in a 23% inflation, which is expected to increase to 25%, affecting the prices of residential units which have increased by 30%, according to JLL’s Head of MENA Research Craig Plumb who spoke at Cityscape’s Business Breakfast today about Egypt’s accomplishments in the real estate sector in Q4 of 2016 and the upcoming economic challenges that will meet the residential, tourism, retail, and office sectors.