Invest-Gate is to hold host panel on “Urban Development & Sustainability.”
To what extent did the outbreak skew buying trends in Egypt? What are the affordable price points in the face mask era? And how to assess consumer affordability to adjust real estate prices accordingly? Invest-Gate takes these concerns to local realty players who will define the post-Coronavirus consumer behavior and dynamics, in a bid to spark rebound in real estate demand by understanding market conditions.
Looking forward to 2020 and beyond, Invest-Gate reaches out to a panel of Egypt-based real estate developers to identify the extent to which this year's realty sector stands in stark contrast to previous periods amidst the COVID-19 outbreak, attempting to determine what could the 2021 property market have in store.
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.
Summer is the time when most people head to their vacation houses on the North Coast or the Red Sea, fueling an appetite for first-time buyers and potential investors to hop on the bandwagon. But summer 2020 is unlike any other; appetite for leisure property purchases is somewhat suppressed during this supposedly "always-busy" holiday. This was mainly due to the Coronavirus crisis, which changed the facets of the Egyptian summer property market.
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.
Invest-Gate examines the extent to which COVID-19 led to a surge in the need for medical care within Egypt’s new mixed-use developments, therefore scrutinizing the impediments to the wide inclusion of health services within these communities to help property developers respond to this rising consumer need through their newly-crafted masterplans.
The issue of slums has been one of the tremendous challenges that the Egyptian government has been trying hard to tackle, with the unplanned areas spanning a total area of over 106.8 acres cross-country, not to mention that 40% of Cairo’s residents are living in informal houses, based on the government’s estimates
Invest-Gate sits with President of ICA Ariel Guarco to discuss the alliance’s vision, while also sharing his insights on the housing coops as an economic and social solution to informal settlements and vagrancy. Guarco also sheds light on Egypt’s efforts in the cooperative movement, with a special focus on the housing sector.
Egypt's Ministry of Housing has taken the lid off the tangible gains made in nine new cities, which considerably resulted in a developmental leap in Upper Egypt last year.