The first half of 2023 witnessed several achievements in the real estate sector, through the participation of both the government and
private sectors, offering housing units and providing facilities to investors and developers. This participation aims to satisfy consumer
needs by launching new projects by developers in different regions, with various areas and payment methods.
With all 40 something new cities, currently underway, gearing up for a big first phase launch sometime this year, several real estate developers and agents across the sector have intensified their marketing campaigns to sell their residential projects in those new cities especially across New Administrative Capital (NAC), New Alamein City, El Galala City, and New Mansoura. Most have secured their target sales given their flexible payment terms and variety of unit sizes, catering to all social classes and purchase power especially in the two highly anticipated cities of NAC and New Alamein
Translated by Reem Selim
The Egyptian summer real estate market has become attractive for those seeking recreation; in fact, summer homes are now a golden opportunity to join the second home market community of investors.
Recently, the Egyptian second home market has also been a potential among foreign homebuyers. Accordingly, Egyptian government has paid a great deal of attention to coastal cities development, in a bid to revitalize the second home market, especially on Egypt’s Northwest Coast area, which attracts hundreds of visitors, compared to other regions.
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