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.
Despite the ongoing effects of the COVID-19 crisis, Egypt’s property developers enjoyed a bumper Q3 last year, with sales turning positive on a YoY basis, reflecting optimism for a quicker and more robust recovery over 2021, according to Invest-Gate’s latest market overview report, titled “Scope-Out Egypt’s Real Estate Scene in 2020.”
Following an in-depth analysis of the bottom line, back when all ongoing private housing work came to a six-month halt until owners present unit masterplans to verify fitting with building codes, Invest-Gate provides updates on the controversy over Egypt’s Construction Violations Reconciliation Law. We also give an assortment of developers' reflection entries to draw a complete picture of this so-called "tailor-made pandemic for real estate."
In an attempt to rate the quality of life in the different new cities of Egypt, Invest-Gate exhibits the current efforts being undertaken by private real estate developers channeling their investments and resources to cater to the educational system of these potentially revolutionary urban areas. We aim to review how market players prioritize projects according to what contributes to improving living standards, while they also stick to the state's sustainable development goals.
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