To track down the opportunities presented in the mortgage market in light of President Abdel Fattah El-Sisi's new announcements, Invest-Gate takes a look on its recent developments and how it can remain solid amid COVID-19
As a second wave of the COVID-19 outbreak emerges, Invest-Gate attempts to explore the dynamic relationship between economic growth and real estate, reaching out to several key market players to find their insights on the role of the brick-and-mortar industry in pushing the Egyptian economy forward, despite the global disruption due to the continued health crisis.
Invest-Gate reaches out to some economic analysts and researchers to share their insights on the IMF’s emergency assistance for Egypt and pinpoint the target markets and beneficiaries of this pandemic aid, opening a perfect window into what is happening across the Egyptian economy when facing turbulent financial times.
While it is impossible to predict the market's exact direction during the upcoming period, Invest-Gate asks several senior property professionals to look into their crystal ball, thereby taking a deep dive into a pool of forecasts for 2020, as well as, scrutinizing the latest real estate trends and data. We also seek answers to the million-dollar question that will perhaps influence the local investors’ future plans: "How will the housing market shake out next year?"
The Central Bank of Egypt's (CBE) long-awaited initiative offers mortgage loans at lower interest rates and longer payment terms. This comes at a time when the real estate sector is experiencing a slowdown due to the increased property prices, coupled with weak consumer purchasing power. So, the question here: Will mortgages keep the wolf from the door?
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