Eng. Amgad Hossnein, Deputy Chairman of Housing and Development Properties (HDP), affirmed that the Egyptian real estate market continues to demonstrate notable resilience in the face of global economic changes, particularly regarding their impact on construction costs and building materials, Invest-Gate reports.

Gradual Price Increases Without Sudden Hikes

He added that amid the current global economic changes, the Egyptian real estate market continues to show clear resilience in dealing with these changes and their impact on construction costs and building materials.

In this context, we do not expect immediate increases in unit prices; however, we anticipate prices to rise gradually over the coming period, as developers are keen to maintain a carefully balanced approach between price stability and customers’ purchasing power.

Expected Sales Growth and Flexible Solutions to Support Demand

On the other hand, Hossnein pointed out that sales may witness an increase during the current period, as buyers seek to capitalize on investment opportunities amid expectations of gradual price increases in the near future.

This trend reflects customers’ growing awareness and their inclination toward making well-studied investment decisions, without affecting the strength of real demand in the market.

He also explained that companies are expected to continue adopting more flexible and innovative solutions, whether through diversifying products or offering payment plans that align with customers’ needs, which contributes to stimulating demand and maintaining market stability without resorting to sudden price increases.

He affirmed that HDP is committed to a balanced vision focused on delivering real value to customers, by developing projects that meet their aspirations and keep pace with their evolving needs, while adhering to the highest standards of quality and sustainability, thereby supporting market stability and enhancing long-term growth prospects.