JLL, a real estate investment advisory firm, revealed on March 6 insights on the performance of Cairo’s real estate market during the current year, while highlighting the emerging opportunities and uncertainties in the market, Invest-Gate reports
At its annual “Year Ahead” event in Cairo, held at the Nile Ritz-Carlton Cairo, JLL noted that opportunities during times of uncertainties include the government’s efforts to develop regulations to attract foreign investors, coupled with emerging technological advances, according to the company’s press release.
Key topics of discussion included “opportunities to increase local demand, capitalize on the [rising] demand for flexible office space, and alternative real estate assets including warehouses and logistics,” read the statement.
Commenting on the outlook, JLL Country Head- Egypt Ayman Sami said, “The real estate market in Egypt continues to present positive growth indicators for the upcoming 2019 to 2021 period. The market is expected to attract direct foreign investment in order to restore the international position of Cairo as a competitive and leading real estate investment destination.”
“The market currently enjoys unique flexibility in conducting business, this is especially evident in Cairo. With increased population growth, reduced inflation and the prospect of falling interest rates have resulted in an increased demand for real estate investment. This demand is particularly noticeable in alternative real estate assets, including healthcare, education and industrial,” he added.