Positive forecasts for Egypt: the real estate market aims high!
The Egyptian real estate market seems to be in its best period. This is confirmed by the statistical data relating to the exponential growth that has registered this nation in the last months of 2018. And it seems that this positive trend absolutely does not want to stop.
In fact, it is expected that the real estate market will attract so many foreign investments of great importance to the point of restoring Cairo's international position as a leader in the sector.
What are the leading elements of Egyptian brick? Without doubt the great flexibility and inclination towards foreign affairs, a prerogative belonging to all the economic branches of society. The increase in the population also ensured a significant increase on the demand side, without neglecting the importance deriving from the reduction in the inflation rate.
The latter was one of the focal points of the Egyptian real estate, since it allowed especially the very young ‘’ Millennials ’investors to face Egypt and select it as a possible destination in which to make their real estate investments profitable.
The JLL also underlined at the annual '' Next Year '' event, held in Cairo, that one of the main engines that currently allow the Egyptian economy to rise and return to its original splendor is the stunning impact of the residential market .
No longer do you opt for lease contracts, but, thanks to the decrease in property prices throughout the nation, potential investors decide to prefer the signing of purchase and sale contracts.
What do economists expect when it comes to the future of the real estate market in Egypt?
No clouds can be seen on the horizon! Part of the merit of this positive wave is the fruit of young investors who, of course, will join the Egyptian workforce by 2025, allowing both the occupation of new residential buildings but also the urgent need to build new offices (about 30,000 spaces within 2020).
Furthermore, it must be remembered that this is a particularly evocative land, both from a historical, cultural and landscape point of view.
The tourism sector is in fact the spearhead of the Egyptian economy which, every year, turns simple tourists into future Egyptian citizens.
How can we not mention the wonderful pyramids, the breathtaking landscapes, the seabeds with an amazing coral reef? All this also joins the improvement of the infrastructures, such as the opening of the Sphinx international airport, which will guarantee to the Cairo airport to facilitate internal air traffic, favoring the introduction of new destinations, without causing an overcrowding of the customers.
As for the hotel sector, it will probably benefit from new and varied sales and rebranding opportunities by the end of 2020. Furthermore, the segmentation of the reference clientele is also changing.
It has in fact been passed to an extremely wealthy tourist and investor in search of luxury, at a decidedly more reduced level represented by the common citizen who wishes to invest in such an extraordinary land.
The economy is virtuous and the speed of the financial return allows Egypt to reinvest and improve the already existing structures.
The increase in inbound tourism continues to be protected by the greater security present in the territory, and in general by the increase in purchasing power (thanks to the reduction of both property prices and interest rates)
What to say, we hope that this positive wave can continue its course, without stopping in the coming years!
In fact, it is expected that the real estate market will attract so many foreign investments of great importance to the point of restoring Cairo's international position as a leader in the sector.
What are the leading elements of Egyptian brick? Without doubt the great flexibility and inclination towards foreign affairs, a prerogative belonging to all the economic branches of society. The increase in the population also ensured a significant increase on the demand side, without neglecting the importance deriving from the reduction in the inflation rate.
The latter was one of the focal points of the Egyptian real estate, since it allowed especially the very young ‘’ Millennials ’investors to face Egypt and select it as a possible destination in which to make their real estate investments profitable.
The JLL also underlined at the annual '' Next Year '' event, held in Cairo, that one of the main engines that currently allow the Egyptian economy to rise and return to its original splendor is the stunning impact of the residential market .
No longer do you opt for lease contracts, but, thanks to the decrease in property prices throughout the nation, potential investors decide to prefer the signing of purchase and sale contracts.
What do economists expect when it comes to the future of the real estate market in Egypt?
No clouds can be seen on the horizon! Part of the merit of this positive wave is the fruit of young investors who, of course, will join the Egyptian workforce by 2025, allowing both the occupation of new residential buildings but also the urgent need to build new offices (about 30,000 spaces within 2020).
Furthermore, it must be remembered that this is a particularly evocative land, both from a historical, cultural and landscape point of view.
The tourism sector is in fact the spearhead of the Egyptian economy which, every year, turns simple tourists into future Egyptian citizens.
How can we not mention the wonderful pyramids, the breathtaking landscapes, the seabeds with an amazing coral reef? All this also joins the improvement of the infrastructures, such as the opening of the Sphinx international airport, which will guarantee to the Cairo airport to facilitate internal air traffic, favoring the introduction of new destinations, without causing an overcrowding of the customers.
As for the hotel sector, it will probably benefit from new and varied sales and rebranding opportunities by the end of 2020. Furthermore, the segmentation of the reference clientele is also changing.
It has in fact been passed to an extremely wealthy tourist and investor in search of luxury, at a decidedly more reduced level represented by the common citizen who wishes to invest in such an extraordinary land.
The economy is virtuous and the speed of the financial return allows Egypt to reinvest and improve the already existing structures.
The increase in inbound tourism continues to be protected by the greater security present in the territory, and in general by the increase in purchasing power (thanks to the reduction of both property prices and interest rates)
What to say, we hope that this positive wave can continue its course, without stopping in the coming years!
