EGP 100 billion.. Real estate companies are betting on inflation to increase sales

The local momentum for purchasing real estate in Egypt led companies to achieve historic profits that were reflected in the growth of the sector in general and the expansion of companies locally and regionally in particular, amid trends of increasing real estate prices to confront the continuing rises in inflation.

Real estate companies in Egypt are betting on continuing to achieve historic sales, driven by local liquidity that is always heading to the real estate sector, especially in light of inflationary pressures that exacerbate the erosion of savings, with speculation of a new devaluation of the pound at the end of the fourth quarter of the year, so that companies raise the prices of real estate units by no less than percentages. About 15%, in an attempt to balance its financial items between increases in demand and increases in the prices of raw materials and building materials.

100 billion 

Billion-dollar sales and profits of real estate companies in Egypt prompted them to intensify their expansion locally despite the high financing costs, and even directed their compass outside the borders, so that many real estate companies began to enter neighboring regional markets, led by the Kingdom of Saudi Arabia, in search of higher returns and profitability, in addition to the local expansions that It comes from growing demand.

Unofficial estimates indicate that the real estate sector achieved sales amounting to 100 billion pounds during the first half of the year, compared to 40 billion pounds in sales for the second half of last year.

In this regard, real estate development expert Amr Hassan, head of the commercial sector of Nawasi Real Estate Development Company, stressed the importance of real estate exhibitions, both internal and external, for their great role in supporting the real estate sector, and for being a major reason for the growth of the real estate export movement, which the Egyptian government has recently paid great attention to, and places on the list of its main goals.

He added, “Real estate exhibitions are not limited to being a hall for displaying real estate products only, but rather they can be considered a real platform for gathering and meeting all the ideas of investors and developers, in addition to everything that the real estate development systems have achieved,” describing the exhibition as a great festival in which all corners of the real estate sector meet.

Egyptian real estate sector

He pointed out the importance of the Egyptian real estate sector, which represents more than 60% of investment, whether from the state’s domestic product or national investment, adding that real estate exhibitions represent a natural outlet for success, indicating that there are some countries that presented their real estate product in a distinctive and unique way, and that real estate has become It represents a true thermometer for the success and progress of these countries, explaining that there are many countries in which a real estate revolution occurred, and through these revolutions they obtained many privileges and turned into tourist countries such as Dubai and Singapore. Likewise, there are other countries that established parallel capitals and were able to reach the world from Through its real estate platforms.

Cityscape Egypt Exhibition

 Hassan added that the “Cityscape Egypt Exhibition”, which was held during the period from September 19 to 23, is one of the most important real estate platforms in which all real estate developers, in addition to decision makers in the real estate industry, strive to present the latest findings in the field of real estate development, stressing that the exhibition It encourages and motivates the Egyptian investor and the foreign investor alike, and real estate exhibitions, whether international or local, are a great point of attraction for all those interested in the real estate sector, not only through the pioneers interested in purchasing real estate, but through all developers.