Real Estate Funds To Uplift Egypt’s Property Market

• Sunday, 2nd July 2017
• by Menna A. Farouk

Real estate experts believe that the launch of real estate investment funds in Egypt will encourage more individuals and developers to invest in Egypt’s property market, especially amid rising prices of residential units and the declining funding capacity of the banks. Invest-Gate explores the existing real estate investment funds in Egypt and their impact on the market.

Compensation Law to Redeem Contractors’ FX Losses

• Monday, 13th February 2017
• by Fatma Khaled

As the prices of construction materials spiked by 40% amid the challenging economic conditions that defined the past months following the float of the EGP, costs of building rapidly increased, leading to the need for legislation compensating contractors as FX losses magnified. Invest-Gate looks into the newly-drafted Compensation Law.

New Bankruptcy Law Paves Way for Business

• Monday, 23rd January 2017
• by Leena ElDeeb

Egypt's first drafted Bankruptcy Law comes second after the recent Investment Law No.8, aimed at reforming its economy and paving way for further business and investments across its markets. Invest-Gate looks into the drafted law that is currently waved to parliament for vote

Real Estate Experts: IMF Loan Evinces Confidence in Egyptian Economy

• Monday, 9th January 2017
• by Leena ElDeeb

Inflation has taken its toll on Egypt’s economy in the past years, with the market having been particularly hard-hit between the Egypt Economic Development Conference in March 2015 until July 2016. Moreover, with foreign debt skyrocketing, the state, in league with the central bank, had no option but to turn to the International Monetary Fund (IMF) to loan them out of this crisis.

Amid Economic Difficulty, Real Estate Chamber Lobbies to Bail Out Sector

• Thursday, 5th January 2017
• by Fatma Khaled

Struck by the triple blow of the recent pound flotation, the value-added tax, and increasing customs tariffs, the real estate sector, like many others, has recently been teetering on a thin precipice between its previously buoyant performance and a potential bubble. In efforts to build a collective front, the recently-established Real Estate Development Chamber has been lobbying the government for facilitations and incentives, in the face of stringent economic reform.

Dubai Real Estate Surges, Abu Dhabi Takes a Step Back

• Friday, 30th December 2016
• by Bayut.com

The real estate markets of the two main emirates of the UAE exhibited differing trends over the course of November 2016. While the pleasant weather and cool breeze apparently had a galvanizing effect on the Dubai realty market, things seemed to be cooling down in neighbouring Abu Dhabi.

Egypt’s Contractors Push Back on Value-Added Tax

• Sunday, 20th November 2016
• by Karim Mohy

While rising costs due to currency depreciation and inflation are seen as largely positive for real estate demand in Egypt in general, and neutral to positive for developers in particular, rising costs due to the recent and long-delayed imposition of the value added tax (VAT) are being deeply felt by the country's contractors.

Egypt’s Real Estate Sector Poised to Benefit from Depreciating EGP

• Thursday, 10th November 2016
• by Karim Mohy

For domestic investors facing the economic vagaries of the past few years and the hopeful but volatile immediate term, Egypt’s real estate sector remains a popular hedge against inflation and a sliding currency. The Central Bank of Egypt’s decision earlier this month to float the overvalued Egyptian pound should see property prices more or less track the pace of inflation.

The Mortgage Finance Fund and Bridging Egypt’s Housing Gap

• Tuesday, 8th November 2016
• by Fatma Khaled

Established in 2003, Egypt's Mortgage Finance Fund, headed by Mai Abdel Hamid, has long sought to provide funding options for low- and middle-income Egyptians, in a market that is saturated by upscale property developments and largely lacking in financing options. But are the efforts exerted by the fund sufficient to meet an ever-growing housing gap?

VAT and Its Impact on Economy and Real Estate

• Thursday, 13th October 2016
• by Heba Eid

As Egypt struggles to bridge a budget deficit and a shortage in foreign reserves, an impending IMF loan is bringing with it a demand for several reforms, including the introduction of the value-added tax. How will the economy cope with the introduction of the new tax, and in particular the real estate sector?