The rapidly evolving threat around the COVID-19 pandemic is impacting the business and investor community across the world, not to mention the go-between part of the realty sector. That is why traditional resilience planning was enough to stand against the health crisis.
The real estate industry used to be straightforward, with a traditional business model where you could secure a piece of land, hire a reputable architect to make plans, then a contractor who would open up a site office, with the sales process maintaining itself.
The industry is facing a new challenge, and it is not due to oversupply since demand is already soaring, but it is rather driven by the prevailing issue of affordability, which recently started to show some signs of recovery.
Invest-Gate presents forecasts for Egypt's housing market in 2019, aiming to give you the anticipated market picture as we embark on a new real estate year.
The retail supply witnessed a slight expansion during the first three quarters of 2018, while a further increase is expected to take place by the end of 2018
The office market’s supply recorded a modest increase during the first nine months of the current year, while the sector saw a varied demand across the country’s different areas.
Real estate investment has become crucial to Egypt’s GDP and continues to be a safe-haven for individuals today, according to market analysts. In 2017 and and following the pound float and the ongoing economic reform, Egypt has witnessed massive projects being developed across its booming destinations, which were met with a strong purchase power despite all odds. Invest-Gate pays a special visit to BYC consultancy and brokerage firm and speaks to its founder and CEO Karim Ghoneim on the current investment climate, real estate trends, and the sector’s major challenges. Ghoneim sheds light on how the economic reform has affected the investment climate and the purchase power, and gives an insight on the dynamic market and its possible shifts in the future.
Page 1 of 1
