NextMove Egypt, powered by Cityscape Egypt, will be held from October 17 to 19, planning to offer visitors a slew of exclusive buying incentives from capital-focussed developers and those behind the latest green communities and compounds located in Greater Cairo, Alexandria, and Egypt’s north and east coasts, Invest-Gate reports.

“The Egyptian market is now highly competitive, and the country’s leading developers will be at the show with special offers and exclusive payment plans only available to NextMove Egypt visitors,” Alexander Edwards, the exhibition director, said in a press release on September 11.

“For anyone looking for their first home, or climbing their way up the property ladder, the show represents a remarkable opportunity to research the market and leverage offers on new and affordable compounds, villas and apartments,” Edwards added.

The country’s most-trusted developers are exhibiting at the show, which will run at the Egyptian International Exhibition Centre (EIEC) against a backdrop of increased interest in a property market “where prices have slipped but the long-term potential remains high.”

“For those who live in Egypt, the decline in prices makes houses more affordable, making it the right time to purchase. For those living abroad, depreciation of the Egyptian pound has increased the investment appeal with long-term investment potential remaining high,” Faariss Khalil, the exhibition manager, noted, stressing, “There is a huge, real demand for housing in Egypt as the country’s population increases by 2.5 mn annually and there are about 1 mn marriages taking place every year.”

Organized by Informa Markets, the exhibition will bring together developers such as Akam Developments, Master Builder Group (MBG), Amer Group, Real Mark, Zahraa El Maadi, Style Home, Residence (Aroma Sokhna), SAK Developments, El Attal Group, Castle Development, Kudo Insaat (El Masriya), New Plan Developments, Aqar Masr, The Land Developers, and Egygab Developments.

The Egyptian government has been leading efforts to fill the gap between supply and demand by building new “affordable” cities across the country, including New Fayoum and New Aswan. Meanwhile, the Central Bank of Egypt (CBE) plans to provide mortgage funding to the country’s middle class, Khalil elaborated.

The exhibition manager expects Egypt’s housing market to rise strongly in value within the coming years, as high-end real estate developments boom to meet the increasing demand.