AqarMap Reports 1.5% Decline in Real Estate Demand

AqarMap Reports 1.5% Decline in Real Estate Demand

Real estate demand has declined by 1.5% during November 2016, according to a report released by AqarMap, a real estate statistical website.

The report stated that the decrease came in parallel with the flotation of the Egyptian pound, redirecting the path of investors, reported Al Mal.

It also mentioned that most real estate companies are now adjusting the prices of their products to match the new costs, however, they could not exceed a certain limit in order to remain feasible to buyers, whose purchasing power has been affected by recent economic decisions.

Aqar Map projected that investors would remain in a watchful during December and January, until the economic situation is clear; however companies are expected to gradually raise their prices in the upcoming period.

Joana Saba 38 Posts

Joana Saba is the Editor-in-Chief of Invest-Gate. She has a background in journalism, literature, and the arts, with an interest in politics and philosophy.


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