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.”
With the recent upward performance of Egyptian real estate developers bringing some signs of cautious optimism for recovery in the thick of the continued outbreak, Invest-Gate asks Cityscape exhibitors to evaluate the gains of the four-day property exhibition and assimilate if the touted sales and leads are qualified enough to help meet their “true north” goal in 2020.
While it is impossible to predict the market's exact direction during the upcoming period, Invest-Gate asks several senior property professionals to look into their crystal ball, thereby taking a deep dive into a pool of forecasts for 2020, as well as, scrutinizing the latest real estate trends and data. We also seek answers to the million-dollar question that will perhaps influence the local investors’ future plans: "How will the housing market shake out next year?"
The economics of real estate rests on supply and demand curves for being closely intertwined concepts, determining production and resource intensity, as well as, consumer spending. Therefore, Invest-Gate puts the Egyptian property sector under the spotlight, examining the current conditions of the two crucial poles of the industry, while laying hands on the trending tactics used by developers to excel and ace the market circumstances.
Invest-Gate puts the Egyptian real estate sector under the spotlight, examining the current supply and demand conditions, while laying hands on the trending tactics used by property developers to excel and ace the market circumstances.
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
Despite the floatation of the Egyptian pound back in November 2016 and its consequences such as significant price hikes across the real estate market, 2017 saw an increased demand. Measuring market demand through studies, Aqarmap concludes that the demand rose to 3,231 points in October from 2,678 points in January; and here is why
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