Egypt’s real estate market, described by many as rock solid, may not necessarily need a boost, yet the Egyptian pound’s (EGP) recent devaluation did exactly that. Since the 2011 revolution, the economic decline has caused foreign reserves to dwindle to an all-time low, which has disturbed the economic, political, and social climate. Adding insult to injury, tourism suffered a major hit last year, dramatically affecting one of the country’s key sources of foreign currency. As a major importer of commodities, the dollar shortage fuelled inflation, led imported goods to pile up at the ports, and disrupted businesses that rely on imported raw materials for production. These developments have allowed the black market to flourish, with the dollar reportedly crossing EGP 11.