Close-Up on Egypt’s Second-Home Market Amidst Pandemic
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 was unlike any other; appetite for leisure property purchases is somewhat suppressed during this supposedly "always-busy" holiday season, as consumer behavior was radically altered off course due to the Coronavirus crisis. Invest-Gate’s R&A team looks at the scenario in this niche chunk of the Egyptian real estate market amidst the pandemic.