Egyptian real estate: the collapse of prices
Which of you has never been fascinated by Egyptian culture? With one of the most beautiful and unique stories in the world today, Egypt also arouses particular interest in real estate.
And that's not all! It is not just an unequivocal interest. Even the prices of the properties themselves are falling, making it a great opportunity to buy a property!
Investing in the Egyptian market in 2020 will therefore be very simple as well as convenient. But today, we will try to dwell on the reasons for this situation, to better juggle us in the Egyptian real estate, without falling into error!
Let's start by saying that house prices are down 21% on an annual basis. A significant percentage, which represents the crisis of the sector on the supply side. Despite this, the low house prices make it easy to meet supply and demand, especially for foreigners.
The cause of this collapse is also affected by the neuralgic situation in the surrounding areas. Although Egypt does not represent a land marked daily by internecine wars and terrorist attacks, it still remains a place that is still unsafe in the collective imagination. To remedy a crisis in the sector, the owners have been forced to lower prices.
But what are the prospects for the Egyptian real estate market? Usually there is a strong difficulty in giving an answer. But this is not the case. The real estate of Egypt, should broadly improve in the coming years, especially by encouraging high-end construction.
It is precisely these that push the potential investor, precisely because, at cheaper prices, he is able to win a property of a certain level. The depreciation of the currency encourages and pushes considerably towards a return to a more prosperous market. Suffice it to say that in July, the (average) exchange rate, taking the US dollar as its currency, was equal to 16.61. Exactly 47% less than in previous years. The enormous demand for housing in Egypt could continue undaunted, also fueling the construction sector. The population also increases, which suggests new stimuli for the sector.
The excellent returns are those recorded in Cairo. A nice 9% compared to 2018, which seems to want to revive the lease agreements. In this area, in fact, the properties present reach a maximum of $ 800 per square meter. After a strong expansion, the economy also remains strong and should continue to grow even in 2020. Strong above all of the policies promoted by the government, which has included a series of interventions aimed at economic recovery.
What to say, it seems that the subsidized prices, the increasingly inviting luxury sector, the undisputed beauty of the place and, again, the strong economy, manage to keep the Egyptian real estate high. It is hoped that the forecasts will also come true in 2020. We just have to wait to find out more! Always with us, on our portal!
And that's not all! It is not just an unequivocal interest. Even the prices of the properties themselves are falling, making it a great opportunity to buy a property!
Investing in the Egyptian market in 2020 will therefore be very simple as well as convenient. But today, we will try to dwell on the reasons for this situation, to better juggle us in the Egyptian real estate, without falling into error!
Let's start by saying that house prices are down 21% on an annual basis. A significant percentage, which represents the crisis of the sector on the supply side. Despite this, the low house prices make it easy to meet supply and demand, especially for foreigners.
The cause of this collapse is also affected by the neuralgic situation in the surrounding areas. Although Egypt does not represent a land marked daily by internecine wars and terrorist attacks, it still remains a place that is still unsafe in the collective imagination. To remedy a crisis in the sector, the owners have been forced to lower prices.
But what are the prospects for the Egyptian real estate market? Usually there is a strong difficulty in giving an answer. But this is not the case. The real estate of Egypt, should broadly improve in the coming years, especially by encouraging high-end construction.
It is precisely these that push the potential investor, precisely because, at cheaper prices, he is able to win a property of a certain level. The depreciation of the currency encourages and pushes considerably towards a return to a more prosperous market. Suffice it to say that in July, the (average) exchange rate, taking the US dollar as its currency, was equal to 16.61. Exactly 47% less than in previous years. The enormous demand for housing in Egypt could continue undaunted, also fueling the construction sector. The population also increases, which suggests new stimuli for the sector.
The excellent returns are those recorded in Cairo. A nice 9% compared to 2018, which seems to want to revive the lease agreements. In this area, in fact, the properties present reach a maximum of $ 800 per square meter. After a strong expansion, the economy also remains strong and should continue to grow even in 2020. Strong above all of the policies promoted by the government, which has included a series of interventions aimed at economic recovery.
What to say, it seems that the subsidized prices, the increasingly inviting luxury sector, the undisputed beauty of the place and, again, the strong economy, manage to keep the Egyptian real estate high. It is hoped that the forecasts will also come true in 2020. We just have to wait to find out more! Always with us, on our portal!
