A survey by “Asharq Business”: Expectations of a 15% increase in property prices in Egypt

A survey by “Asharq Business”: Expectations of a 15% increase in property prices in Egypt

A new survey conducted by “Asharq Business” revealed the expectations of real estate developers in Egypt regarding a potential increase in property prices ranging between 15% and 30% during 2025, Invest-Gate reports.

This increase is largely attributed to the growing trend among citizens to purchase properties as a safe store of value to protect their savings amidst high inflation.

The survey also highlighted the continued interest of Egyptians working abroad, as well as buyers from Arab countries, in purchasing real estate following the depreciation of the local currency.

In this context, Tarek Shokry, Chairman of the Real Estate Development Chamber at the Federation of Egyptian Industries, predicted a rise in property prices in 2025, attributing this forecast to several factors, chief among them being the decline in the value of the local currency against the dollar.

He pointed out that real estate sales this year grew by 65%, reaching EGP 2.5 trillion, compared to EGP 1.5 trillion in 2023.

Meanwhile, Abdallah Sallam, CEO of Madinet Masr, a government-owned company, anticipated a 20% increase in property prices, citing rising demand for real estate as a safe haven for savings.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register