Latest in Highlight
Towards more innovative, competitive real estate market, role of general developer in market
NUCA is one of the biggest agencies attracting investments in Egypt, whether foreign or local
Company launches Capital One project in new capital with EGP 2bn investments
Real Estate Development Chamber to form a committee for property export, says chamber deputy head
EGP 600m in pre-sales for exhibitors at the IPS Riyadh
Moreover, the most prominent issues the market faced last year was liquidity and low purchasing power. Real estate stakeholders expect that it will be one of the challenges that will face the market in the new year due to high prices of services with fixed wages.
Abbas told Daily News Egypt that there was no specific land allocated for the fund as of yet, but the ministry provides them with investment opportunities and technical support for real estate projects.
The boost is supported by four main elements, the launch of the Central Bank of Egypt (CBE) for the real estate financing initiative for middle income of EGP 50bn, the fall in the price of the dollar against the Egyptian pound, the raising of the credit limit, and payment facilities made by real estate developers.
2H19 to be stronger, driven by new project launches toward the end of the year
Real estate companies’ portfolio reaches about 15% of the total corporate credit portfolio in the bank and exceeds EGP 10bn to 800 clients: Abo Zikry
SMEs portfolio increased to EGP 3bn: Azzam
40% of Egypt’s area is eligible for urban development, the challenge is their distance to resources, says El-Gazzar
HSBC Economics Team remain positive on its view on the economic outlook for Egypt
The company has sold its first and second phases with total sales approaching EGP 350m, according to Amr Assaf, chairperson of Insight Real Estate.
Ain Sokhna is the most attractive area for tourism and industrial investment in 2019, says Inland Properties
Hotel sector in Cairo reached highest performance levels in over 11 years: JLL
Company develops 20 different projects in New Cairo
Company has marketed about 70% of the project, says chairperson
During a Sunday press conference, Emara stressed that without establishing cooperation between real estate developers and the state, there will be no new cities, noting that the state builds infrastructure of new areas, which facilitates developers’ work later.
City Edge Developments is the event’s strategic sponsor, and AAIB is the platinum sponsor
Sustainability is a big and comprehensive concept, including green architecture, which preserves the environment, says MHDH co-founder
Diversification is key for Egypt’s real estate sector
Upward movements within a transverse range await more new catalysts
The West and East Cairo regions had the highest percentage of companies investing in the commercial sector during the past year, followed by the New Administrative Capital (NAC).
Companies focus on exhibiting commercial units
Property developers will showcase their projects at the third edition of NextMove, powered by Cityscape Egypt, the latest consumer property show in Cairo, offering a holistic platform where homebuyers and investors can get all the information they need to buy their first home, holiday home, or source exclusive investment opportunities all under one roof.
He added that, despite the increase in unit supply in the local market, real estate companies continued to be successful during the first quarter of 2019 due to the increase in local and foreign demand for properties in Egypt.
Real estate exhibitions are a destination dedicated to all those looking for opportunities to move to a new housing or investment opportunity in the constantly rising real estate market.
El-Sayed said that the company aims to expand the marketing of residential, administrative, and commercial projects during the coming period.
Chairperson of the CABW Abeer Essam revealed that the conference aims to strengthen the confidence in the real estate sector by providing a distinct and balanced investment environment to support this vital sector.