Real estate market in Egypt: increasing demand and promising investment opportunities

The real estate market in Egypt is experiencing a period of remarkable growth, as the demand for owning real estate is increasing significantly, as this trend reflects the economic transformations and population developments in the country, which creates promising investment opportunities for investors.

Increasing demand for real estate,

The increase in population and urban expansion contribute to the increasing demand for real estate, as individuals and families search for housing units that meet their needs, whether for permanent housing or investment, and the demand is particularly concentrated in major urban areas and promising tourist areas.

Egypt has witnessed great efforts in developing infrastructure, including roads, means of transportation, and public services. This improvement in infrastructure makes real estate in specific areas more attractive to investors, which enhances the demand for these areas.

Real estate funds

For his part, Ahmed Abdullah, a member of the Real Estate Development Chamber of the Federation of Industries, and a member of the Egyptian Real Estate Council, stressed the importance of activating the real estate funds system, given its influence and role in activating and supporting the movement of the real estate market, which represents 20% of the gross domestic product and 12% of the workforce.

Features and facilities

During his interview with the “Aqar Misr” program on “Sada El Balad” channel, “Abdullah” praised the performance and role played by the government in supporting this file, as it granted real estate developers several advantages and facilities that helped them to complete their work, the most prominent of which is considering that the project is finished once 80 percent of it is implemented. % of it, which means that the developer will not have to buy an additional period of time from the government to implement the project.

He also pointed out that there is a different package of decisions issued by the government to facilitate and improve the investment climate in the real estate market in Egypt, including stabilizing interest rates for two years and applying a volume allowance in real estate projects at no additional cost to companies.

Promoting the Egyptian market

He explained that these decisions will enable developers to face the market challenges that it has witnessed recently, stressing, at the same time, the importance of promoting the Egyptian market as a whole abroad and highlighting everything that distinguishes it in various sectors, and marketing each region individually, whether the North Coast or the Red Sea, to support developers’ exports. Adding: “Promoting the Egyptian market abroad is a winning card and its return will be on all other sectors.”

He also stressed the importance of “real estate technology” and its role in opening promising opportunities for the future of new cities, explaining that investment in smart cities may be expensive, but this cost will be compensated in the future, especially since it works to save approximately 30% of the cost of maintenance as well as operations.