Although the office market has seen an increase in supply, rents have reduced by 1% on an annual basis due to currency depreciation.
The residential market is facing construction delays and rising costs, putting pressure on sales demand, while the rental market is experiencing an acceleration in activity.
The retail sector is hopeful, despite construction suspensions and postponements, and the hospitality sector is set to benefit from new hotel openings and government initiatives to boost tourism.
Invest-Gate sheds light on the findings and data of the Cairo Real Estate Market overview for the first quarter of 2023 by JLL.