The development of the real estate sector in Egypt from 2011 to 2023

The real estate investment sector in Matar has witnessed remarkable development over the past years, as real estate has become the best investment for everyone. Egypt is considered one of the countries that attract real estate investment thanks to its geographical location and distinctive climate, in addition to the continuous rise in real estate prices as a result of inflation, which raises the value of owned real estate, and makes it the best way to save money at the present time.

Developments in the real estate investment market

The country witnessed a great development in real estate investment, especially between 2011-2018, especially in the downtown area of Cairo, and this is due to our inherited culture of how to save money to preserve fixed capital, in addition to obtaining a satisfactory return. Investment thinking is usually limited to buying gold, bank certificates, or investing in real estate, but in light of the inflation rates announced by the Central Bank of Egypt, and the flotation decision, real estate has become the best solution for its high investment return, which affected the development of approved market values per square meter of land. Housing units, according to the research of Dr. Reham Mohamed Hafez, Assistant Professor of the National Center for Housing and Building Research, on structuring the real estate sector in Egypt.

The evolution of real estate prices

Meter prices in real estate during 2011 to 2012 

Real estate prices in Egypt varied during that time period. The price per meter starts from 3200 EGP. Real estate investors were also able at that time to collect a slight return of no more than 2%.

Meter prices in real estate during 2013 to 2016

This period witnessed a significant rise in the price per square meter in residential and administrative units as well, so that the price per square meter in downtown Cairo ranged between 3,500 and 6,000 Egyptian pounds.

The  price rise was compatible with economic inflation, reaching 20%, which achieved satisfactory profits for investors in real estate in the period before 2013.

Meter prices in real estate during 2017 to 2018

The decision to float the Egyptian pound was issued in 2016, which led to an increase in the rate of inflation in all fields, including the real estate market, which witnessed a large increase of up to 20%, to record the price per square meter of 8500 Egyptian pounds for residential units, and 9000 for administrative units.

This increase may not be reassuring at that time for anyone who wants to own a property or invest, but it was highly satisfactory to all actual real estate investors, because of the rewarding profits they achieved in the price of their residential and administrative units, whether by selling them and benefiting from the high price at the time of purchase, or raise its rent to achieve a fixed return double.

Real estate investment in Egypt in 2023

Real estate investment is one of the closest ways for the Egyptian people to save their money. They adopt the idea of buying real estate or housing units in general, and benefit from them for a period by renting them for a fixed return, then selling them after a period to get an investment return of up to 30% annually.

In addition, real estate investment in the second home in the summer resort has become one of the most sought-after trends in Egypt, as it is one of the cultural legacies over time. There are many tourist villages in the coastal cities such as the North Coast, Ain Sokhna, El Gouna, and others that attract a large number of investors, due to its distinguished location, and the attractive entertainment services it offers, in addition to its varying prices that suit all groups and whatever the capital.

Therefore, investing in tourist resorts is one of the most successful methods of current investment, as it is primarily a second residence for spending holidays, in addition to being a successful investment that preserves your capital, and brings you annual profits that may double the value of the property in a quick time.