The Egyptian urban development plan does not limit only to buildings in new cities far from the center. But also, it is a promising plot to improve the livelihood of Egyptians in all aspects. Establishing mega projects means as well as business opportunities, jobs, and investments.
E-commerce growth is not necessarily bad news for the commercial real estate scene. In fact, it appears that e-commerce adoption does not necessarily mean the gradual disappearance of commercial properties. The reason is that online retailing's supply chain operations require more warehouse and logistics spaces to ease product delivery to consumers.
Invest-Gate asks the founders of Egypt's first virtual property show, or "Vestate Expo," along with the exhibiting real estate companies, to share the redeeming qualities of such exhibitions in an otherwise disrupted industry that relies on its events business, while exploring ways to properly fare this appealing approach in the local realty sector.
The real estate sector seemed always a bit conservative, mostly unresponsive to innovation. Just a couple of years back, not many countries had a digital public ledger of properties. With time, digital solutions are firmly taking bit by bit over in the property business; not to mention the rise off the pandemic COVID-19 has ensued need for social distancing, cleanliness, and minimal contact, and changed technology’s role from nice-to-have into a must-have.
For the property sector, uncertainty began to color new market sentiment amid the rising COVID-19 unknowns, thereby making some clients puzzle over home buying and turn to rental options instead. This prompted Invest-Gate to probe if potential customers are reconsidering purchasing and are better off sticking with renting residential units as the Coronavirus-induced slump takes hold, asking real estate professionals to get to the bottom of the matter and map out the prevailing market conditions.
Over the years, building violations have posed a tremendous dilemma in Egypt. Correspondingly, the Egyptian government recently imposed a six-month ban on building permits, halting the construction of private housing in various urban cities. Invest-Gate digs deep into the matter and reaches out to several market experts to scrutinize this decision-making, which comes into effect after Egypt called for reconciliation over construction infractions recently, aiming to outline the law’s impact on private property developers and the overall real estate landscape.
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?
Invest-Gate explores global cases of artificial intelligence (AI) applications, particularly in the property industry, determining the possible hands-on merits and pitfalls of such technologies when implemented to generate well-crafted business solutions.
Egypt’s Better Home Group has been shaping, for almost two decades, fine residential spaces, where hand-picked lifestyles and communities emerge. Today, this legacy continues in its newest ultra-premium destination: Midtown New Cairo.
Invest-Gate reviews the different laws related to the real estate sector, starting from the existing laws pending amendments to some long-awaited laws for buyers and developers.
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