In January 2022, Mostafa Madbouly, Prime Minister, discussed a number of proposed amendments to the regulations of real estate funds, stressing that they represent an important and effective mechanism for maximizing real estate investment opportunities, and providing financing sources for activities related to the sector.
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.
Setting complex and challenging goals is like making a New Year’s resolution to be on the dot; there are always shortcomings and break-offs to attain these touchdowns. Hence, by venturing to pass timely judgment on the emerging policies and structures, Invest-Gate undertakes a pulse check on the state’s hits and misses on the real estate front, along with the subsectors, during the current year.
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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